US Congress · New York · White House · CoinDesk
Crypto PAC's $5.5 million Congress pick gets Maryland win, more crypto allies push
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The leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level money, some $5.5 million, to Adrian Boafo, a Democrat who won his party's nomination for a Maryland seat on Tuesday.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- UPDATE (June 24, 2026, 04:17 UTC): Adds comment from Fairshake
- The state delegate's dominant victory records another success for the industry's super PAC and its affiliates after having notched a big primary election win with its $12 million devoted to Barry
- The most recent Federal Election Commission filings showed Fairshake with about $126 million still on-hand at the end of last month
Summary
A Democratic state delegate in Maryland, Adrian Boafo, drew more than $5 million in crypto industry support for his Tuesday night primary win to head to the general election for Representative Steny Hoyer's open seat in the U.S. House of Representatives. The huge contribution drew some negative attention from the state's Democratic senator, Chris Van Hollen. The industry also helped other incumbent members of Congress in Maryland, Utah and New York, where the super PAC spent $1.3 million on pro-crypto Democrat Ritchie Torres. The leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S.