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Crypto PAC's $12 million Senate candidate, Barry Moore, lands Alabama GOP primary

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U.S. Senate candidate Barry Moore got more than $12 million in crypto political backing on his way to this week's primary election victory. (Alex Wong/Getty Images)

More than any other congressional race this year, the crypto sector's campaign-funding operations dumped massive cash into Barry Moore's Alabama Senate bid, with the leading political action committee alone spending more than $12 million to push the Republican onto the general-election ballot.

Key facts

Summary

The crypto super PAC, Fairshake, notched another win in this year's primary elections after U.S. Representative Barry Moore won the Alabama runoff election for its available Senate seat. Fairshake had backed Moore, a reliable supporter of crypto legislation, with more than $12 million. On Tuesday, Moore won the Republican primary runoff over former Navy Seal Jared Hudson, so Trump's loyal supporter will now be expected to triumph in the November general election because of his state's deeply GOP voter base.

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