Crypto PACs Spend Big to Reward Friendly Lawmakers in US State Races

Crypto-aligned groups have spent over $1.5 million on media related to federal contests in Florida, Alaska, and Wyoming after a primary loss in Michigan.

The spending comes from two Fairshake-affiliated groups: Defend American Jobs and Protect Progress.

In Alaska's at-large congressional district, Defend American Jobs reported spending over $500,000 on media supporting Representative Nick Begich's re-election. The same group spent about $500,000 backing Sydney Gruters in Florida's 16th district.

The candidates supported by the groups have voting records in favor of the Digital Asset Market Clarity (CLARITY) Act and other related proposals.