California · Republicans · South Korea · Cointelegraph
Crypto PAC-supported candidates sweep US state primaries after media picks up
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Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs.
Key facts
- The political wins came after the Protect Progress and Defend American Jobs PACs spent about a combined $3.5 million on media to support the candidates
- The PAC did not say where or how it would focus its efforts as part of the 2026 US midterms other than “key races across the country
- Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs
- The PAC spending came on the heels of similar buys for supportive media in Texas runoff primaries last week, which resulted in Democrat Christian Menefee defeating incumbent US Representative Al
Summary
Democratic and Republican candidates across California, New Jersey and South Dakota won their respective primaries on Tuesday after being the beneficiaries of supportive ads purchased by cryptocurrency industry-backed political action committees (PACs). On Tuesday, Democrats Jacqui Irwin, Ted Lieu, Zoe Lofgren, Dave Min, Mike McGuire, Hilda Solis, George Whitesides, Lou Correa and Lateefah Simon won their respective California primaries for House seats. The political wins came after the Protect Progress and Defend American Jobs PACs spent about a combined $3.5 million on media to support the candidates. “America needs members of Congress who will act to lay out responsible guardrails for the community to maintain our global leadership,” Fairshake spokesperson Geoff Vetter told Cointelegraph.