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Crypto just spent more than $200 million on an election it isn't even on the ballot for.
That's CNBC's count heading into Tuesday's midterms. The biggest single-issue super PAC push in US history.
And it's going to both sides, guys. In the House alone, Fairshake is backing 19 Republicans and 13 Democrats. Why? The CLARITY Act died in the Senate 49 to 50 in September. Whoever wins Tuesday writes the next draft.
Same playbook as any industry with this much on the line. Back whoever ends up holding the pen, right? Bitcoin averaged +53.7% in the 12 months after the last three midterms. The halving cycle probably did most of that work.
So what moves crypto more in 2027, the vote or the cycle?