Crypto PACs Spend $170M on Midterms, Outpacing AI Groups Despite Key Losses

The financial deployment of crypto sector PACs reached at least $170 million during the U.S. midterm elections , surpassing the spending of AI-focused committees amid mixed results for their endorsed candidates. Journalist Eleanor Terrett posted this Wednesday, November 4, on her X account that the combined outlay of the digital asset sector’s top three political action committees exceeded by nearly $100 million the capital injected by tech committees centered on AI. The latter recorded contributions close to $72 million throughout the electoral process.