Crypto PAC spends big on Rep. Zach Nunn in Iowa's 3rd District

State of play: FairShake, a crypto PAC, has spent about $1 million on TV spots boosting Nunn's reelection bid in the competitive congressional seat that includes Polk County, according to the analytics platform AdImpact.

• The committee is the eighth-largest spender on TV, radio and digital ads in the race between Nunn and Democrat Lanon Baccam.

The big picture: Blockchain companies and backers have raised over $169 million for the 2024 election to boost candidates from both parties and bolster the ranks of crypto-friendly lawmakers on Capitol Hill.

The intrigue: Some of the pro-Nunn TV ads airing in the DSM media market highlight his military credentials and work to lower child care costs, Politico reports.

Zoom in: While Nunn hasn't made crypto policy a major part of his campaign, his vote record has earned him positive ratings from industry groups.

Zoom out: FairShake — which didn't respond to Axios' request for comment — and its counterparts are using a similar strategy in competitive races across the nation, the Wall Street Journal reports.