Binance US has established a political action committee this week

ChainCatcher news, according to CoinDesk, due to the downfall of major donor SBF and his FTX colleagues in the U.S. midterm elections, competitor Binance US has established its own political action committee this week, namely Binance.US Innovation PAC. The Binance.US PAC was formed as the dust settles from this month's congressional elections, giving it a full two years to prepare for the next federal campaign, including the presidential race. (CoinDesk)