Crypto Freedom PAC (Crypto industry) spent $5.9M on independent expenditures in the 2022 federal elections, and 86% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 92% ended up on the winning side ($5.5M won, $444K lost).
Outside spending
$5.9M
On the winning side
92%
$5.5M
On the losing side
$444K
Supporting vs attacking
8% / 92%
$448K for, $5.5M against
Follow the money
Who filled the envelope
Crypto Freedom PAC reported $6.2M in gifts from people, companies, nonprofits and other PACs. The biggest are below.
- Jeff YassIndividual$4.9M (80%)
- Club for Growth ActionAnother PAC$1.3M (20%)
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? |
|---|---|---|---|---|
| Evan McMullin | Utah Senate | Attacking | $3.2M | ✓ Yes |
| Jim Lamon | Arizona Senate (primary) | Attacking | $1.9M | ✓ Yes |
| Nicholas J. LaLota | New York 1st District (primary) | Attacking | $287K | ✗ No |
| Blake Masters | Arizona Senate (primary) | Supporting | $213K | ✓ Yes |
| Mike Lee | Utah Senate | Supporting | $157K | ✓ Yes |
| Mark Kelly | Arizona Senate | Attacking | $56K | ✗ No |
| Blake Masters | Arizona Senate | Supporting | $56K | ✗ No |
| Catherine Cortez Masto | Nevada Senate | Attacking | $23K | ✗ No |
| Adam Paul Laxalt | Nevada Senate | Supporting | $23K | ✗ No |
Questions people ask
- How much did Crypto Freedom PAC spend in 2022, and did it win?
- Crypto Freedom PAC (Crypto industry) spent $5.9M on independent expenditures in the 2022 federal elections, and 86% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 92% ended up on the winning side ($5.5M won, $444K lost).
- Who funds Crypto Freedom PAC?
- Its biggest reported donors in the 2022 cycle were Jeff Yass ($4.9M), Club for Growth Action ($1.3M), out of $6.2M received from donors tracked here.
- Which candidates did Crypto Freedom PAC spend the most on in 2022?
- against Evan McMullin (Utah Senate, $3.2M, won); against Jim Lamon (Arizona Senate, $1.9M, won); against Nicholas J. LaLota (New York 1st District, $287K, lost).