Crypto Innovation (Crypto industry) spent $3.2M on independent expenditures in the 2022 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2022). 100% of the money with a result ended up on the winning side ($1.8M won, $0 lost).
Outside spending
$3.2M
On the winning side
100%
$1.8M
On the losing side
$0
Supporting vs attacking
100% / 0%
$3.2M for, $0 against
Follow the money
Who filled the envelope
Crypto Innovation reported $2.1M in gifts from people, companies, nonprofits and other PACs. The biggest are below.
- Gmi PAC, Inc.Another PAC$2.1M (100%)
Where the money went
Biggest targets, with whether each one paid off.
✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched
| Candidate | Race | Spending | Amount | Paid off? |
|---|---|---|---|---|
| Michelle Bond | New York 1st District (primary) | Supporting | $1.3M | Unknown |
| Ted Budd | North Carolina Senate (primary) | Supporting | $400K | ✓ Yes |
| John Boozman | Arkansas Senate (primary) | Supporting | $356K | ✓ Yes |
| Markwayne Mullin | Oklahoma Senate (special) | Supporting | $258K | ✓ Yes |
| Eric Schmitt | Missouri Senate (primary) | Supporting | $230K | ✓ Yes |
| Markwayne Mullin | Oklahoma Senate (special) (primary) | Supporting | $167K | ✓ Yes |
| Patrick McHenry | North Carolina 10th District (primary) | Supporting | $167K | ✓ Yes |
| Nicholas V. Taylor | Texas 3rd District (primary) | Supporting | $110K | Unknown |
| Eric Schmitt | Missouri Senate | Supporting | $109K | ✓ Yes |
| Wesley Hunt | Texas 38th District | Supporting | $56K | ✓ Yes |
| Erin Houchin | Indiana 9th District | Supporting | $55K | ✓ Yes |
Questions people ask
- How much did Crypto Innovation spend in 2022, and did it win?
- Crypto Innovation (Crypto industry) spent $3.2M on independent expenditures in the 2022 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2022). 100% of the money with a result ended up on the winning side ($1.8M won, $0 lost).
- Who funds Crypto Innovation?
- Its biggest reported donors in the 2022 cycle were Gmi PAC, Inc. ($2.1M), out of $2.1M received from donors tracked here.
- Which candidates did Crypto Innovation spend the most on in 2022?
- for Michelle Bond (New York 1st District, $1.3M, unknown); for Ted Budd (North Carolina Senate, $400K, won); for John Boozman (Arkansas Senate, $356K, won).