Crypto Super Pac spends $10m on Katie Porter attack ads in California race

Fairshake Pac spends millions opposing progressive Senate candidate known for tough stance on crypto industry

A Super Pac backed by the crypto industry has spent $10m on ads opposing Katie Porter’s run for US Senate in California, as the young progressive congresswoman fights a tough battle to make it into a November Senate runoff with the Democratic frontrunner Adam Schiff.

The Fairshake Pac announced early this year that it had raised $85m from leaders across the crypto community for the Pac and its affiliates, with the goal of supporting “leaders who champion the interests of progressive innovation and responsible regulation”. Continue reading…
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