🚨 An American politician’s campaign lost over $630,000 in one quarter after investing its funds in cryptocurrency. Representative Shri Thanedar, a Democrat from Michigan, invested $3.7 million in campaign funds into a cryptocurrency-backed index fund. The amount is disclosed in a filing with the Federal Election Commission released Wednesday. A millionaire and businessman, Thanedar withdrew nearly $4 million from his campaign as early as 2023 for this investment. While the move is legal, experts consider it rare and risky for a political campaign.
