Mmastodon BusinessCrypto first seen 13 h ago, last 10 h ago, peak #1
Crypto and AI super PACs lose big despite $250 million midterm spend
Original: Crypto and AI super PACs spent $250 million on the midterms. In competitive races, their candidates got clobbered: nine
Super PACs funded by the crypto and AI industries poured roughly $250 million into the US midterm elections, but the results were poor. In competitive races, their backed candidates have lost nine of 12 contests called so far. The most notable defeat came in Ohio, where crypto interests spent $64 million trying to unseat Senator Sherrod Brown and failed anyway.
Why now: The scale of the spending contrasted with the poor success rate raises questions about the political influence of crypto and AI money.
Sherrod BrownOhiocrypto industry super PACsAI industry super PACs
Evidence
- Crypto and AI super PACs spent $250 million on the midterms. In competitive races, their candidates got clobbered: nine losses out of 12 called so far, including Ohio, where crypto spent $64 million and still couldn’t beat Sherrod Brown. https://www.… · molly0xfff@hachyderm.io · 256
API: https://socialmediatrends-api.osmike.com/v1/trends/4879396