Crypto's election spending crosses party lines because the industry needs allies wherever financial rules get written.

The crypto industry has finally found a way to participate in America's partisan warfare without committing to either of the (only) two available parties: help elect people who agree with it about crypto, then let them argue about everything else.

Fairshake's latest House spending plans cover 32 candidates, with 19 Republicans and 13 Democrats on the list. Six are slated for $1 million each in support, while the amounts for the other races haven't been disclosed, according to the AP.

The Super PAC is essentially giving both parties a reason to keep crypto on its policy agenda no matter what voters decide about who controls Congress.

Nothing wrong with that. Since the dawn of time, companies whose businesses depend on financial law have wanted a say in what that law looks like.

Their owners, investors, and ultimately their customers expect them to defend the business, and the people doing the defending would rather have friends than foes writing the rules.

The crypto industry has grown so much that dozens of crypto companies in the US can and want to defend their business with the same strength and money as their much larger tradfi counterparts. And seeing how crypto is largely politically ambiguous, these companies can attack both fronts with the same amount of strength.

They invest almost equally in Democratic and Republican candidates, from local municipal contests to Congressional elections.

They can defend their donations any way the wind turns: Democrats can make their involvement in crypto regulation sound like tightening the reins on evil capitalist corporations, while Republicans can make it look like they're liberating hard-working Americans from the shackles of government-controlled money.

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