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Crypto’s Midterm Spending Spree Stumbles as Democrats Rack up Big Wins
Crypto-backed groups spent about $200 million this cycle, but Sherrod Brown won Ohio and cryptocurrencies dipped before recovering, analysts said.
Summary by Channel News Asia
8 Articles
8 Articles
Crypto’s midterm spending spree stumbles as Democrats rack up big wins
·London, United Kingdom
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Crypto's midterm spending spree stumbles as Democrats rack up big wins
The race was one of the most expensive in the Senate's history. Strategists viewed it as a major test of crypto's political clout after the Senate in September voted against advancing major crypto legislation known as the Clarity Act due to opposition from Democrats, in a blow for an industry that has grown close to President Donald Trump.
·India
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The Democrats winning both houses in the midterm elections eliminated the chance of the Clarity Act passing. Crypto groups spent approximately $170.5 million on the elections.
Coverage Details
Total News Sources8
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
Factuality
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