A crypto-backed Political Action Committee (PAC) spent over $12 million on a key Alabama Senate primary election. This significant spending supported Republican candidate Barry Moore across two voting rounds, highlighting the growing influence of Web3 funds in US politics as voters participate in the runoffs.
A Political Action Committee (PAC) called "Defend American Jobs," funded by the crypto industry, has significantly influenced an Alabama Senate primary race. This group reported spending $7.4 million on media campaigns to support Republican candidate Barry Moore before the initial May 20 primary. They then added another $4.7 million in spending for the more recent runoff elections on Tuesday. This considerable financial investment shows how Web3-related organizations are increasingly active in US political elections, aiming to back candidates who may support their interests as voters head to the polls.
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