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Cryptocurrency giant has amassed $160 million funding to back industry-friendly U.S. candidate

Cryptocurrency billionaires and their allies have amassed $160 million to protect their fortunes by backing U.S. candidates who lightly regulate the crypto industry. That huge sum of money makes the cryptocurrency industry one of the most influential players in federal campaign finance. Such money has proven to roil California Senate races. In November, it could be key to Republicans winning a Senate majority.