Candidates like Utah's John Curtis are set for big wins due to Crypto's $130 million congressional election spending spree.

• John Curtis has gained an advantage in his bid for Mitt Romney's Senate seat by being supportive of the crypto industry.
• Curtis' campaign has received more than $1.9 million in contributions from the Defend American Jobs PAC, a single-issue committee that focuses on cryptocurrency and blockchain policy.
• "The uncertainty of regulation is its most challenging aspect," Curtis stated at a conference in Salt Lake City last week.

John Curtis, a Republican congressman from Utah, has gained favor among the crypto industry as he seeks to replace Mitt Romney in the Senate. He achieved this through a unique path in the telecommunications sector.

Last week, at an event in Salt Lake City, Curtis disclosed to a group of about 50 crypto enthusiasts that he had a discussion with some House members a few years ago regarding internet service providers and ways to motivate them to enhance their services. The lawmakers were discussing various connection speeds, including 50 megabits and 100 megabits. However, when Curtis inquired whether they had ever conducted a speed test, he received perplexing answers.

At the Permissionless conference, Curtis shared that he felt like an outsider when people looked at him as if he was from another planet.

Lawmakers need to be smarter about regulations and understand the user experience, especially in crypto, said Curtis, who is 64 years old.

"The Provo-based congressman stated, "It is crucial to have government involvement because if they do not comprehend what you are doing, they will make poor decisions." The attendees nodded in agreement. "The most challenging aspect of regulation is its unpredictability.""

The reason for Curtis' landslide victory next month is the support he received from digital coin enthusiasts, who filled his coffers due to his positive attitude toward crypto.

The Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy, has contributed more than $1.9 million to Curtis' campaign and spent more than $1.5 million to oppose his Republican primary challenger, Trent Staggs, according to Federal Election Commission data compiled by crypto market and blockchain analyst James Delmore and verified by CNBC.

Curtis' campaign spokesman, Ben Lucas, declined an interview on behalf of the congressman. Instead, a statement from Corey Newman, the chief of staff, was sent, stating that "John has always been a strong supporter of the crypto industry as it will help Utah's economy continue to grow and be a great place to create jobs."

The crypto industry is supporting politicians who publicly advocate for a pro-crypto policy during their campaigns. Nearly half of all corporate donations made this election cycle came from the crypto industry, which outpaced both the big banks and oil. Out of the 42 primary candidates backed by crypto-backed super PACs, 36 were successful.

Over $130 million has been spent by crypto groups on congressional races during this year's election, according to FEC data.

Crypto picks its targets

Andreessen Horowitz's recent State of Crypto report revealed that more than 40 million Americans own crypto, a group characterized by youth and bipartisanship. The report also stated that 51% of these individuals are likely to support candidates who are pro-crypto.

Curtis believes that the industry should regulate itself and then present the appropriate safeguards to lawmakers, striking a balance between safety and security without excessive regulation.

Crypto PACs backed by Ripple, Andreessen Horowitz, and others have been targeting competitive Senate and House races across the U.S.

In Arizona, Protect Progress has given $10 million to Ruben Gallego, a Democrat running for the seat vacated by Kyrsten Sinema, while in Michigan, the group has given $10 million to Elissa Slotkin, a current Democratic House member.

In Indiana and West Virginia, Republican candidates have received more than $3 million from Defend American Jobs, while in Massachusetts, a super PAC for Republican John Deaton has received $2.6 million from the crypto industry. Despite this, Deaton is lagging behind Democratic Sen. Elizabeth Warren, who is known for being a top antagonist of the crypto sector in Washington.

"Delmore stated that Elizabeth Warren will not lose her election in Massachusetts, which means the industry cannot remove her. However, they can still vote out candidates who are aligned with her against the crypto industry."

The race for the Ohio Democratic Senate seat is tight, with $40 million in crypto money being directed towards defeating incumbent Sherrod Brown, who chairs the banking committee. One PAC has spent $5 million on ads promoting Bernie Moreno, a blockchain entrepreneur, as Brown's Republican rival. The outcome of this election will determine which party controls the Senate.

In the House races, candidates in Arizona, New York, Virginia, and California have received a combined total of $18.9 million in crypto PAC money, with half of that amount going to Republican Michelle Park Steel.

The Crypto PAC money has been impartial and not limited to influencing elections in key districts. Instead, it supports lawmakers who advocate for regulations that benefit the technology.

"According to House Majority Whip Rep. Tom Emmer (R-Minn.), when discussing digital assets and crypto, it is not about political affiliations, but rather about the decentralization of a system that has been consolidated at the top."

WATCH: Trump family given $337.5 million token stake in new crypto project