2 Super Crypto PACs backed by SBF and a16z founders to invest at least "six figures" in US midterm election ads

2022/10/22 09:24

According to msn, two super PACs, Web3 Forward and Crypto Innovation, have announced that they will invest at least "six figures" in TV ads in support of US candidates of both parties in the days leading up to the November 8 midterm elections, mainly funded by GMI PAC, another super PAC that has received significant contributions from cryptocurrency leaders, including FTX CEO Samuel Bankman-Fried ($2 million in January) and a16z venture capitalists Marc Andreessen and Ben Horowitz ($1 million each). . Crypto PAC spending for the 2022 US midterm elections is reportedly expected to be the most expensive on record, with $6.4 billion already flowing into TV, radio and digital advertising.

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