Crypto Super PACs Make A Comeback, Pouring Millions Into Upcoming US Elections | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a significant revival of political activity, crypto-focused Political Action Committees (PACs) are gearing up to amplify their influence in upcoming special elections across the United States

Following a successful campaign during last year’s elections, these super PACs are determined to position digital assets as a cornerstone of financial growth and innovation in the American economy.

Fairshake And Allies Drive Pro-Crypto Agenda

According to a recent report by journalist Eleanor Terret for Crypto In America, the largest and most affluent of these super PACs, Fairshake, along with its affiliates Defend American Jobs and Protect Progress, has already invested an impressive $136 million in support of over 58 pro-crypto candidates in the 2024 election cycle

This substantial funding highlights their dedication to promoting candidates who support cryptocurrency and blockchain technology, building on the significant progress already made, particularly in the US Congress.

Related Reading: Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes ShapeOver the weekend, Protect Progress, a group typically aligned with Democratic candidates, reportedly played a pivotal role in the primary victory of James Walkinshaw in Virginia’s 11th Congressional District

The PAC allocated $1 million in advertising to support Walkinshaw, who is vying to fill the vacancy left by the late Rep. Gerry Connolly, a known opponent of digital asset initiatives.

Walkinshaw, who previously served as Connolly’s chief of staff for a decade, has expressed his support for blockchain technology as a vital component of Northern Virginia’s economic development strategy.

In contrast, his predecessor, Connolly, had a track record of opposing digital asset legislation, receiving an “F” on the Stand With Crypto scorecard for his votes against pro-crypto measures, including the FIT21 market structure bill

PACs Gear Up For 2026 Midterms

Walkinshaw’s victory over nine opponents in the Democratic primary, including Virginia State Senator Stella Pekarsky, highlights the shifting political landscape for a more pro-digital asset enviroment

Pekarsky criticized Walkinshaw for accepting support from the crypto industry, stating, “I haven’t taken a penny from crypto PACs because you deserve a voice in Congress that serves you, not the billionaires who funded Trump’s inauguration.”

In response to such criticisms, Protect Progress defended its role, asserting, “Once again, politically motivated attacks against crypto didn’t work — because a vast majority of Americans, including Democrats, want Congress to unlock American innovation with responsible crypto regulation, not demonize an entire industry.”

Related Reading: Bitcoin Strength Backed By US Institutions – Coinbase Premium Remains Positive Since AprilWalkinshaw’s win adds to a string of successes for Fairshake this election cycle. In April, the PAC endorsed two Republican candidates in Florida, Jimmy Patronis and Randy Fine, both of whom emerged victorious with a collective $1.5 million in backing from Fairshake.

As it stands, Fairshake and its affiliates are well-prepared for the 2026 midterms, boasting over $100 million in resources. This financial strength is bolstered by contributions from prominent players in the digital asset space, including Coinbase, Andreessen Horowitz, and Ripple.

The daily chart shows the crypto market total cap at $3.27 trillion. Source: TOTAL on TradingView.comFeatured image from DALL-E, chart from TradingView.com

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