The crypto industry raised more than $245 million from a mix of corporations and individual contributors this cycle.In pouring money into ads, the groups weren't focused on informing voters about crypto.
Nevada is home to two of the thirteen"critical elections" singled out by Stand with Crypto, a designation the group defines as races that are"critical to the future of crypto in America." In addition to Horsford's election, the other Nevada race is the Senate contest between Democratic incumbent Jackie Rosen and Republican challenger Sam Brown. Both candidates received an A grade.
The other races deemed critical were for Senate in Montana, Ohio, Pennsylvania, Arizona, Massachusetts, Michigan, Wisconsin, and Maryland, and for specific House contests in Colorado, Iowa and Oregon. "Not mentioning crypto assets explicitly is probably a savvy move to avoid alienating voters who prefer traditional currencies and might be put off by connections to crypto," said David Nickerson, an associate professor of political science at Temple University who worked in the analytics department for, D-Mass., in holding hearings on whether digital tokens were tied to terrorism.