Crypto Super PAC Pumps $9.8 Million Into Barry Moore’s Senate Campaign

The cryptocurrency industry’s main super PAC has launched a major spending effort. It has poured $9.8 million into television ads. The ads support Representative Barry Moore’s Senate bid in Alabama. Moore is a Republican viewed as friendly to crypto interests. The spending marks the industry’s biggest midterm political bet. Industry leaders hope Moore’s election will advance favorable policies. Critics argue the money underscores growing political influence of crypto firms. Observers will watch whether the ad campaign sways the upcoming election.