$102 Million raised by US crypto-backed Super PACs could prove crucial in securing the crypto industry

Crypto-backed Super PACs have raised over $102 million in view of the upcoming US elections. Crypto companies are moving to aid policies in favor of digital assets. Crypto Super PACs anticipate the November elections in Ohio and Montana. As the US elections approach, crypto political action committees have raised more than $102 million to support crypto-friendly political candidates, according to a Public Citizen report on Monday.

Read more: Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins in disarray as BTC conceals directional bias The report states that more than half of the $102 million raised by the PACs comes from direct crypto corporations, specifically Coinbase and Ripple. These two are among eight other corporate super PACs, of which four have either settled or are facing lawsuits from the SEC.

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Super PACs keep testing the limits of campaign finance lawAdvocates say lack of enforcement of campaign finance laws means groups can push the envelope with little fear of reprecussions.
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