Crypto-focused Super PACs have made a significant impact in recent special elections, notably backing a winning candidate in the Virginia primary. The Fairshake PAC, known for its support of cryptocurrency-friendly policies, played a key role in this victory. Meanwhile, three new cryptocurrency firms have applied for Federal Reserve master accounts, a move that could enhance their financial operations by providing direct access to the Fed's payment systems. This week, attention in Washington is focused on regulatory developments affecting the crypto industry.