> That PAC doesn't look like they are ideologically oriented, they just care about whether a candidate is pro crypto or not
Surely the more disturbing thing is that they're spending money at all.
In the olden days a CEO would ring up a politician and say something like "if you vote for this bill, my 50,000 employees in your state will not be happy" — a sizable voting bloc gave those execs power.
Now the crypto companies say "if you vote for this bill, my 1,000 employees in your state will not be happy..." — less compelling, voting-bloc wise — "...and also I will donate millions to your opponent in the primary"
Surely the more disturbing thing is that they're spending money at all.
In the olden days a CEO would ring up a politician and say something like "if you vote for this bill, my 50,000 employees in your state will not be happy" — a sizable voting bloc gave those execs power.
Now the crypto companies say "if you vote for this bill, my 1,000 employees in your state will not be happy..." — less compelling, voting-bloc wise — "...and also I will donate millions to your opponent in the primary"