The Blockchain Association is adding its own political action committee to the crypto industry’s growing array of campaign-finance efforts seeking to steer the U.S. government’s debate over digital assets.
The BA PAC will contribute to the campaigns of “pro-crypto candidates” from both parties, according to Kristin Smith, the Washington-based association’s executive director. The timing – dated Monday in the group’s filing with the Federal Election Commission – is too late to make a splash in November’s midterm elections that will decide if Republicans will surge into power in Congress or whether Democrats will maintain their tenuous hold. But the PAC will be in a position to exert influence in the presidential election year in 2024.
The PAC will still donate to candidates for this November's election, though a press release declined to identify which candidates.
“We believe crypto is by definition a non-partisan issue,” Smith said in a tweet on Monday. “We will support candidates...
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