Crypto groups spend $176M on midterms, with CLARITY Act fate at stake

Crypto-linked political groups have spent roughly $176 million across more than 100 U.S. midterm races, per a Reuters review of campaign-finance filings through October 20. Fairshake and its affiliates account for about $150.8 million of that total. Traders care because the spending could shape which lawmakers win and whether the CLARITY Act, a market-structure bill, advances, though the outcome remains uncertain.