Crypto PACs Spend $170M on Midterms, Outpacing AI Groups Despite Key Losses

TL;DR: The three largest political action committees linked to cryptocurrencies amassed an estimated expenditure of $170 million during the U.S. election cycle. Political action groups focused on artificial intelligence reported disbursements of approximately $72 million over the same period. The campaign of more than $64 million aimed at challenging the seat of Democratic Ohio Senator Sherrod Brown concluded with the lawmaker’s victory. The financial deployment of crypto sector PACs reached at least $170 million during the U.S. midterm elections , surpassing the spending of AI-focused committees amid mixed results for their endorsed candidates. Journalist Eleanor Terrett posted this Wednesday, November 4, on her X account that the combined outlay of the digital asset sector’s top three political action committees exceeded by nearly $100 million the capital injected by tech committees…

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