Cryptocurrency firms suffer heavy losses in Illinois primaries after spending big
by Guardian staff and agency from World news | The Guardian on (#74BW7)
Cryptocurrency's biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-crypto
The cryptocurrency industry spent big and lost often in this week's Illinois primaries.
As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics.
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