Cryptocurrency sector-backed super political action committees are making their first battleground Senate endorsements in the general election, announcing they intend to spend millions of dollars in Ohio, Arizona, and Michigan to elect candidates they see as friendly to the industry.

Fairshake PAC and its two affiliated PACs, Defend American Jobs and Protect Progress, have raised close to $240 million for the 2024 election cycle, according to an analysis of disclosures as of Sunday by OpenSecrets, a watchdog group that tracks money in U.S. politics.