Crypto PACs Spend $1.5M to Back US State Races After Primary Setback

Crypto-aligned groups have spent over $1.5 million on media supporting House and Senate candidates in Florida, Alaska, and Wyoming after a primary loss in Michigan.

The spending comes from Fairshake-affiliated PACs Defend American Jobs and Protect Progress, which support federal crypto market-structure legislation.

Defend American Jobs reported over $500,000 spent on media supporting Representative Nick Begich's re-election in Alaska's at-large congressional district, while also backing Republican candidate Sydney Gruters in Florida's 16th district.