US Senate · U.S. · Republicans · Cointelegraph
Crypto PAC has $12 million stake in Senate primary runoff as Alabama voters head to polls
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Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs.
Key facts
- Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs
- Fairshake reported holding a $193 million war chest as of January, setting the stage for significant potential influence in this year's US House and Senate races
- The Blockchain Leadership Fund, a hybrid PAC backed by Anchorage Digital and Chainlink, announced its support for Moore in May, but FEC filings showed no related expenditures as of Tuesday
- With Democrats having been in the minority in both the House and Senate in the current session of Congress, the party is fighting to regain control of both chambers starting in 2027
Summary
Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more than $4.7 million on media and ads to back Republican Barry Moore’s candidacy in a runoff for one of Alabama’s US Senate seats, adding to the $7.4 million it reported spending ahead of his May 20 primary. The Coinbase-affiliated advocacy organization Stand With Crypto rated Hudson as “neutral” on crypto policy compared to Moore's “strongly supports crypto,” based on public statements and Moore’s voting records while representing Alabama’s 1st Congresssional district.