Crypto Super PACs win big backing candidates in 3 US state primaries
After backing two losing candidates in Arizona primaries on July 30, the crypto-backed Fairshake PAC and its affiliates could claim up to four new victories in congressional races.
News outlets have already called three primary races in Missouri and Michigan, potentially influenced by funds from the Fairshake Super political action committee (PAC) or its affiliates, with a fourth in Washington being also a possible victory.
As of Aug. 7, media outlets reported that Democrat Wesley Bell had defeated incumbent Cori Bush in the party primary for Missouri’s 1st Congressional District, Bob Onder had won the Republican nomination for Missouri’s 3rd, and Shri Thanedar had won the Democratic primary in Michigan’s 13th. At the time of publication, officials were still tabulating votes to determine the winner of the Democratic primary in Washington’s 6th Congressional District.
Fairshake and its affiliates, the Defend American Jobs PAC and the Protect Progress PAC, poured roughly $4 million combined into the four primary races in an attempt to support pro-crypto candidates for the United States House of Representatives or oppose ones who had expressed anti-crypto views. $1.4 million went into a media buy to oppose Bush, $250,000 to support Onder and $1 million to support Thanedar.
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Author: Turner Wright
