The Quiet Push by Crypto Firms to Get Inside the Federal Reserve

• Crypto PACs spend heavily in special elections, backing pro-crypto candidates.
• Three crypto firms apply for Federal Reserve master accounts amid regulatory shifts.
• House plans votes on GENIUS and CLARITY Acts as Congress pushes crypto legislation.

The crypto industry has reemerged as a major force in Washington, simultaneously spending big in key special elections while also pushing for direct access to the Federal Reserve’s core financial infrastructure.

After a massive $136 million campaign that helped elect over 58 pro-crypto candidates in 2024, the crypto super PAC Fairshake and its affiliates are back to funding special election races this year. Protect Progress, which typically supports Democrats, recently spent $1 million to back James Walkinshaw in Virginia’s 11th District primary.

NEW from me: Crypto Super PACs Return, Spend Big Bucks on Special Elections

Fairshake backs winning VA primary candidate, three new crypto firms apply for Fed master accounts, and what to watch in Washington this week. https://t.co/onpLXtSywI

— Eleanor Terrett (@EleanorTerrett) June 30, 2025

Walkinshaw, who won the nomination, has endorsed blockchain technology as a…

The post The Quiet Push by Crypto Firms to Get Inside the Federal Reserve appeared first on Coin Edition.