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Crypto is making a splash in U.S. elections — but chiefly in jabs about industry influence

Crypto has become a campaign issue in the U.S. midterms, mainly as a target of Democratic attacks rather than a topic in industry-funded ads, which avoid mentioning it. Democrats including Mark Warner and Sherrod Brown link the sector's political spending and its ties to President Donald Trump to corruption concerns. Brown said the crypto and data-center crowd had reached up to $40 million in spending, with much of the opposition ads against him in Ohio funded by the Fairshake super PAC. Fairshake also spent $2 million in a failed bid to defeat Oliver Gilbert in a Florida primary. A Fox News poll found 88% of voters were at least very concerned about government corruption, a top issue that gives these attacks weight.

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