Crypto Industry Heavyweights Form Political Action Committee for U.S. Midterms: Report

Crypto Industry Heavyweights Form Political Action Committee for U.S. Midterms: Report
A group of executives from major firms in the crypto industry have formed a political action committee (PAC) to support candidates at November’s midterm elections.Backers of the PAC include top executives at crypto exchange FTX and SkyBridge Capital, the money management firm led by Anthony Scaramucci, who was briefly a White House communications director under President Donald Trump.The “GMI PAC” has attracted $5.3 million in contributions so far, according to a report by Politico. It aims to raise more than $20 million to support “candidates who work to give US-based innovators the opportunity to build next-generation technologies and services here…