Fairshake the cryptocurrency lobbying group disburses 29 million in September as November elections approach

News from Coinworld:
Cryptocurrency lobbying group Fairshake has paid nearly $29 million in September, ahead of the upcoming US presidential election next month.
According to the Federal Election Commission’s filing, the super political action committee (PAC) Fairshake has allocated $142.3 million this year, with $42.8 million in cash remaining as of the end of September.
In September, a political organization called “Defend American Jobs” received $1 million in funding. The organization is a super PAC supporting Republican candidates who support cryptocurrencies. It is worth noting that the political research organization OpenSecrets reports that Defend American Jobs has spent over $40 million to support Republican businessman Bernie Moreno, who is running against Ohio Senator Sherrod Brown, a vocal critic of the digital asset industry.
Stand With Crypto, a digital asset advocacy group, gave Brown an “F” rating, indicating that the incumbent senator “strongly opposes cryptocurrencies.”
House Resolution 109, which would overturn the US Securities and Exchange Commission’s Staff Accounting Bulletin No. 121, was voted against by Brown. SAB 121 is a guidance that states that certain companies should classify digital assets as liabilities on their balance sheets, even if they only hold the digital assets for customers.
The House resolution was passed earlier this year in the House and Senate, but was vetoed by President Joe Biden in May.
In September, Fairshake also contributed to Progressives Protect, a political action committee supporting pro-cryptocurrency Democrats.
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Image generated by Midjourney.