Crypto super PAC to spend $5M on Barry Moore’s Senate bid: Report
Crypto political action committee Fairshake spent roughly $130 million during the 2024 US elections to support pro-crypto candidates.
Defend American Jobs, an affiliate of crypto super political action committee (PAC) Fairshake, will reportedly spend $5 million to support crypto-friendly politician Barry Moore in his bid for the US Senate, according to Bloomberg.
A five-week campaign will start this week with ads on broadcast TV and the Fox News Channel featuring US President Donald Trump endorsing Moore, Bloomberg reported on Tuesday, citing a statement from Fairshake.
Super PACs raise money from corporations and associations; however, the committees can’t directly donate to or coordinate with political campaigns. Instead, they fund ads and other media to urge voters to support a specific candidate.