[Coinbase and Ripple-funded PAC invests $2 million in Florida to influence Democratic primary]
According to Cointelegraph, the Protect Progress PAC, funded by Coinbase and Ripple Labs, has spent over $2 million in Florida's 24th Congressional District on ads opposing Democratic candidate Oliver Gilbert. Federal Election Commission records show that Oliver Gilbert has the support of incumbent Congresswoman Frederica Wilson, who previously voted against the CLARITY and GENIUS Acts. As of January, Fairshake held $193 million in funds and had already invested over $82 million in various primaries by June.
