Crypto PAC Fairshake deploys $8M weapon in primary fights

Fairshake spent $5.5M backing Maryland Democrat Adrian Boafo's primary win, marking another win for the industry's top PAC.

Adrian Boafo wins Maryland’s 5th District Democratic primary after Protect Progress spent $5.5m backing him in the crowded U.S. House contest.

Boafo's win highlights the growing influence of crypto lobbying in shaping legislative priorities and advancing industry-friendly candidates. The post Fairshake backs Adrian Boafo’s $6M win in Maryland primary appeared first on Crypto Briefing.

Crypto-backed political groups have spent at least $7 million on key Democratic primary races as lawmakers continue negotiating the CLARITY Act ahead of an increasingly crowded congressional calendar. According to reports on recent campaign spending, crypto political action committees have…

Barry Moore wins Alabama’s GOP Senate runoff after more than $12M in pro-crypto PAC support, testing Fairshake’s election power in November.

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.

Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs.

Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions…