The cryptocurrency industry has significantly invested in electioneering efforts this election season, achieving notable successes during Super Tuesday

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The cryptocurrency industry has significantly invested in electioneering efforts this election season, achieving notable successes during Super Tuesday

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Claim

Quotes that support the claim

"In California’s open primary...Schiff won the lion’s share of the Democratic vote..."
"The cryptocurrency industry has poured millions of dollars into electioneering efforts this election season, and the bet already seems to be paying off."

Subclaims

Major players in the crypto industry contributed $78 million to Super PACs including Fairshake, Protect Progress, and Defend American Jobs
In California, Fairshake spent around $10 million on ads opposing Rep. Katie Porter for the U.S. Senate seat, contributing to her third-place finish in the primary
Rep. Adam Schiff received a favorable "A" grade from the Coinbase-backed group Stand for Crypto and won the majority of the Democratic vote in California

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Crypto industry's political influence

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Crypto was a big winner in the Super Tuesday elections

US Politics

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