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Crypto PACs invest M in candidates ahead of Aug. 6 primaries

Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries

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Source: Coin Telegraph

Missouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto interest groups.

After pouring millions of dollars into races to support and oppose candidates from both major political parties, the Fairshake Super political action committee (PAC) and its affiliates await the results as registered voters in Missouri, Michigan, and Washington go to the polls.

On Aug. 6, residents of Missouri, Michigan, and Washington will vote on which Democrats and Republicans will go on to face each other in a November election for seats in the United States House of Representatives and Senate. At the time of publication, the polls had not closed, and no media outlets had announced clear primary winners in any district. Kansas will also be conducting party primaries on Aug. 6, but it did not appear that any crypto-focused candidates were running for House seats.

According to data from the Federal Election Commission, Fairshake spent roughly $1.4 million on a media buy to oppose incumbent Democrat Cori Bush in Missouri’s 1st Congressional District, where she has served since 2021. The Defend American Jobs PAC, a Fairshake affiliate, spent more than $250,000 on a media buy to support Republican candidate and former state senator Bob Onder in Missouri’s 3rd Congressional District after Republican Blaine Luetkemeyer announced his retirement.

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Author: Turner Wright