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Sadii

06/23 14:32

Crypto-backed political groups have spent at least

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Crypto-backed political groups have spent at least $7 million on key Democratic primary races as lawmakers continue negotiating the CLARITY Act ahead of an increasingly crowded congressional calendar. Summary Fairshake affiliates have spent about $7 million backing crypto-friendly candidates ahead of key Democratic primaries. Maryland candidate Adrian Boafo and New York Representative Ritchie Torres have emerged among the largest recipients of crypto PAC support. Meanwhile, lawmakers continue negotiating the CLARITY Act as industry groups push for progress before upcoming congressional recess deadlines. According to reports on recent campaign spending, crypto political action committees have increased their activity ahead of several Democratic primaries while lawmakers continue negotiating the CLARITY Act in Washington. Among the largest beneficiaries is Maryland State Delegate Adrian Boafo, who is seeking to succeed retiring Congressman Steny Hoyer in Maryland’s 5th Congressional District. Protect Progress, an affiliate of Fairshake, has spent roughly $5.5 million supporting Boafo’s campaign, making him one of the most heavily funded crypto-backed candidates in the current election cycle. Facing more than 20 Democratic opponents, Boafo currently leads prediction market rankings. His campaign has also secured endorsements from Hoyer, Maryland Governor Wes Moore, and Senator Angela Alsobrooks. Alsobrooks has been involved in discussions surrounding federal digital asset legislation, including both the GENIUS Act and the CLARITY Act. Commenting on his policy priorities, Boafo has also positioned himself as a supporter of digital asset and blockchain policy initiatives. “I’m proud to be a strong advocate for policies that create new economic opportunities for Marylanders in the 5th Congression
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