Fairshake
Crypto pacs oust al green in texas primary runoff
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Crypto-backed political action committees spent millions to help defeat longtime U.S. Representative Al Green in a Texas runoff election this week. Fairshake led the effort with $6.5 million in support of Christian Menefee.
The pro-crypto super PAC Fairshake backed six candidates to victory in primaries held Tuesday in Kentucky, Alabama and Georgia. The group spent more than $20 million on the races and described the results as a 6-0 sweep.
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A crypto-funded super PAC called Fairshake is launching seven-figure ad campaigns against two Illinois state lawmakers running for Congress. The group aims to defeat candidates who supported state-level crypto regulations. This spending previews how the industry plans to use its $190 million fund to influence elections.