
A crypto-backed PAC spent over $12 million to propel Barry Moore to victory in the Alabama Republican Senate runoff. Moore won with 55.8% of the vote, defeating Barry Hudson. The Defend American Jobs PAC, affiliated with Fairshake, made the media buys. Moore is rated as strongly pro-crypto by Stand With Crypto.
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Summary by ByteBrief
Morpho's $175M raise shows where crypto VC money is flowing