Crypto PACs spend $9 million in Texas and score picks up in both parties
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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
Elsewhere in Texas, Defend American Jobs spent roughly $1.8 million backing four winning Republican candidates: Jon Bonck ($348,433), Tom Sell ($426,279), Carlos De La Cruz ($581,172) and Alex Mealer
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
In the Republican Senate primary, Texas Attorney General Ken Paxton toppled longtime Sen
Houston Democrat Christian Menefee defeated fellow Democrat Rep
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.