Crypto PACs remain undefeated in June primaries as Fairshake rides bipartisan winning streak

Crypto-backed super PACs swept Tuesday’s primaries, with all 11 candidates backed by Fairshake affiliates advancing or winning their races, extending the industry’s electoral winning streak while revealing a strategy increasingly focused on building Democratic allies rather than supporting established crypto champions.

The results covered nine California congressional elections, New Jersey’s 8th District and South Dakota’s Senate primaries. The list included supporters of the Clarity Act, the GENIUS Act, and protecting blockchain developers, as well as candidates who signed pro-crypto pledges through Stand With Crypto.

Winners included California Democrats Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa and George Whitesides, as well as New Jersey Democrat Rob Menendez and South Dakota Republican Mike Rounds.

This all comes just a week after crypto-backed groups scored another round of victories in Texas, where affiliates of Fairshake and other industry-backed PACs spent more than $9 million supporting candidates from both parties.

The most notable defeat in Texas was that of Rep. Al Green, a longtime crypto critic and member of the House Financial Services Committee, who held an F rating from Stand With Crypto.

While Polymarket bettors are divided over which party will control Congress after November, crypto groups have increasingly pursued a bipartisan strategy, seeking to ensure they retain influence whether Democrats, Republicans, or a divided government emerges in the midterms.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top