Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about “Examining Digital Assets: Risks, Regulation, and Innovation,” on Capitol Hill in Washington, DC, on February 9, 2022.
Saul Loeb | AFP | Getty Images
A network of political action committees supported by cryptocurrency industry leaders are planning a last-minute ad campaign in support of congressional candidates, according to one of the groups’ chief strategists.
Web3 Forward and Crypto Innovation, two super PACs financed by the crypto executives, are both expected to spend at least six figures on an ad blitz starting in two weeks, the strategist explained. This person declined to be named in order to speak freely about the private planning.
The groups plan to invest in TV ads supporting candidates from both sides of the aisle just days before midterm…
