OpenSecrets doesn't make it as easy as it could to analyse all this, but I suspect what that is really telling us is that most of the money doesn't enter the race through PACs. Super PACs [0] seem to be different [1] and bring in about 2x as much money. So I don't think the industry PACs are giving a clear an impression of where money is coming from.
My guess is the crypto community isn't outstanding in terms of spend as much as being naive about how to get the money to politicians in a way that gets them the regulation they want. And the players in this game might put some effort into subtlety.
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OpenSecrets doesn't make it as easy as it could to analyse all this, but I suspect what that is really telling us is that most of the money doesn't enter the race through PACs. Super PACs [0] seem to be different [1] and bring in about 2x as much money. So I don't think the industry PACs are giving a clear an impression of where money is coming from.
My guess is the crypto community isn't outstanding in terms of spend as much as being naive about how to get the money to politicians in a way that gets them the regulation they want. And the players in this game might put some effort into subtlety.
[0] https://www.opensecrets.org/outside-spending/super_pacs
[1] The Make America Great Again Super PAC is ~80 million but the largest on the PAC list is American Crystal Sugar at ~$2 million.