As a seasoned crypto investor with over a decade of experience in this dynamic industry, I find the recent involvement of Fairshake PAC in supporting Republican candidate Bryan Steil for reelection in Wisconsin intriguing. Given my background and understanding of the sector, it’s clear that politicians who are pro-crypto and supportive of financial innovation are more likely to foster an environment conducive to growth and progress.
The cryptocurrency-backed political action committee (PAC) Fairshake has reported one of its last expenditures before Election Day in the United States — and it’s supporting a Republican candidate in Wisconsin.
In a submission made on October 28 to the Federal Election Commission, Fairshake disclosed that they had invested over $760,000 in advertising to boost the reelection campaign of Wisconsin’s Representative Bryan Steil, who is running in the 1st congressional district. With only seven days left until US citizens cast their votes for their representatives in Congress and the White House, this media buy for Rep. Steil may well be one of Fairshake’s last actions before Election Day.
Representative Bryan Steil, who has been in the US Congress since 2019 representing Wisconsin, recently supported the Financial Innovation and Technology for the 21st Century Act as well as a resolution to reverse the US Securities and Exchange Commission’s Staff Accounting Bulletin No. 121. In the upcoming election on November 5th, Steil will be competing against Democrat Peter Barca. A poll conducted in October indicates that Steil currently leads by three points over Barca.
Presently, Republicans hold a narrow advantage in the U.S. House of Representatives, but this could shift in January as every one of the 435 seats are up for reelection, allowing either party to claim them. Political Action Committees (PACs) such as Fairshake have directed significant funds from cryptocurrency firms and leaders towards candidates who support cryptocurrencies or against those who may be unfavorable to the industry.
At the time of publishing, our attempt to get a comment from Fairshake through CryptoMoon was unanswered.
Seven days until the US election
In the upcoming Wisconsin elections, there’s a strong possibility that several races will be extremely tight. By October, multiple surveys indicated that the race for the U.S. presidency between Vice President Kamala Harris and Republican nominee Donald Trump was incredibly close. Both contenders have hinted at their plans to back the industry should they win the election.
Trump enjoys backing from numerous influential figures in the industry, such as the Winklevoss twins (Cameron and Tyler), who are co-founders of Gemini. On the other hand, some notable personalities like Ripple‘s Chris Larsen, co-founder, and Mark Cuban, entrepreneur, have expressed their public support for Harris.
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2024-10-29 19:04