Political Support Resulting in Growing Fallout for Crypto

A cryptocurrency industry super PAC, Defend American Jobs, is investing millions to support House Republicans in two special elections in Florida on April 1. DAJ ranks as the second-highest spending outside group in these races, aiming to sway regulatory oversight in favor of the crypto industry. The Fairshake network, a prominent supporter of DAJ, has a track record of substantial funding against anti-crypto candidates, totaling $133 million in 2024. In Florida's Sixth Congressional District, Republican Randy Fine is competing against Democrat Josh Weil, who has significantly outpaced Fine in fundraising and polling, resulting in a more competitive election than expected.