PACs
Crypto PACs sweep all 11 backed candidates in primaries
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Crypto industry political action committees achieved a clean sweep in Tuesday's primaries. All 11 candidates backed by Fairshake and its affiliates won or advanced in races across California, New Jersey and South Dakota.
Crypto companies have poured millions into American elections through super PACs, helping reshape regulation and back winning candidates across party lines. Their efforts have coincided with major shifts at the SEC and new legislation favoring the industry.
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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.