
Programming
Mar 20, 2026Hacker News
Analyzing Crypto PAC Spending: High Spend, Low Return in Illinois
Crypto industry super PACs spent $14.2 million in the Illinois primaries, with a striking 90% ($12.8 million) failing to achieve their objectives by opposing victorious candidates or supporting losing ones. While minor 'victories' occurred, they often aligned with already predictable outcomes, indicating a lack of genuine influence.
This initial outlay represents less than 6% of their total funds, suggesting more extensive future spending is anticipated.
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