This week’s U.S. election, like any other, had its winners and losers. But you’d be hard pressed to find a bigger winner coming out of Tuesday night than Fairshake.
The crypto super PAC, funded by the likes of Coinbase, Ripple, and Andreessen Horowitz, didn’t just win big on a handful of high-stakes, marquee fights. It ran the board, defying toss-up odds to elect almost every single Democrat and Republican it supported.
In rural counties, exurban suburbs, and densely populated cities, one throughline overruled party politics: candidates backed by crypto money won.
To give a sense of the scale of Fairshake’s domination: The PAC backed 68 candidates. Most of those up for election on Tuesday won. But what’s particularly impressive is its success rate when big money was on the line.
The PAC donated $1 million or more to 22 congressional candidates with elections on Tuesday—11 Democrats and 11 Republicans. The majority of those candidates faced hotly contested races that c
Go to Source to See Full Article
Author: Sander Lutz
