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Crypto PACs spend $9 million in Texas and score picks up in both parties

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Crypto PACs spend millions in Texas in a bipartisan effort. (Clark Van Der Beken/Unsplash)

Crypto-focused political committees are flexing their growing bipartisan political muscle in Texas, spending more than $9 million on races this cycle as Tuesday’s primaries deliver a string of wins for industry-backed candidates across both parties.

Key facts

Summary

Crypto-focused political committees spent more than $9 million in Texas this cycle, helping deliver a series of primary victories for industry-aligned candidates in both parties. Houston Democrat Christian Menefee ousted Rep. Crypto-backed groups, including Fairshake affiliates and Fellowship PAC, also supported Ken Paxton’s successful challenge to Sen. Green had earned an “F” from crypto advocacy group Stand With Crypto after opposing key industry-backed legislation and warning that cryptocurrency could erode U.S. financial leverage abroad.

Read full article at CoinDesk →

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