Crypto entered the United States political arena in a big way in 2024. Fairshake, the industry’s super political action committee (PAC), has already raised $119 million, primarily from corporate crypto donors. Yet perhaps counterintuitively, little, if any, of this historically large sum will be spent on the presidential clash between Vice President Kamala Harris and former President Donald Trump. It is almost all going to “down ballot” contests, i.e., races for seats in the US Senate and House of Representatives — particularly those face-offs that pit a crypto supporter against a traditional …