Crypto Donors Jittery Over Midterm Spending After Clarity Act Failure
The U.S. crypto sector is facing a difficult political calculation as November’s midterm elections approach. After Senate Democrats blocked a major crypto bill last month, industry leaders must decide whether to retaliate at the ballot box or protect the bipartisan relationships they have spent years cultivating. Crypto interests have poured over $300 million into recent U.S. election campaigns, distributing their support between Republicans and Democrats. The spending was designed to build political backing for legislation that would establish clearer rules for digital-asset companies. The approach delivered a major success last year with legislation governing stablecoins, but momentum weakened after the…





