The cryptocurrency industry has been throwing money into politics unlike ever before, and that’s even after political donations from the industry skyrocketed in 2022. The super PACs they're backing have raised more than $137 million already. Over $117 million of that has been raised by Fairshake, a super PAC funded by Coinbase, Ripple, Jump Crypto, Circle, Kraken, and others. That amount puts Fairshake at #3 on OpenSecrets’ list of super PACs by amount raised, following just behind the Senate Majority PAC at #2, and Ron DeSantis’ Never Back Down PAC at #1. Two other cryptocurrency-focused super PACs, the conservative “Defend American Jobs” and liberal “Protect Progress”, have raised roughly another combined $10 million — both funded by nearly identical donations from Coinbase, Ripple, and Andreessen Horowitz. As noted in a report by Public Citizen, much of this money is coming from the companies directly, taking advantage of the Citizens United decision to enable unlimited corporate political spending.