Fairshake-backed candidates notch wins in US congressional primaries

Pro-cryptocurrency candidates backed by the industry's Super PAC, Fairshake, have secured victories in this year's U.S. congressional primary elections, CoinDesk reported. Jessica Steinmann, a former Department of Justice lawyer endorsed by President Donald Trump, won the Republican primary for Texas's 8th congressional district with approximately 70% of the vote. According to Federal Election Commission (FEC) data, Fairshake provided over $750,000 in support to Steinmann's campaign. Meanwhile, Rep. French Hill, an Arkansas Republican and Chairman of the House Financial Services Committee, won his primary with 77% of the vote after receiving more than $400,000 from Fairshake. In North Carolina, Republican Tim Moore, who has received an 'A' grade for his stance on crypto policy, won with an 83% vote share.