Crypto Super PAC fails to defeat candidate in Illinois primary

The crypto industry's Super PAC, Fairshake, failed in its multimillion-dollar effort to defeat Illinois Lieutenant Governor Juliana Stratton in her Democratic primary race, CoinDesk reported. Fairshake spent millions of dollars opposing Stratton and supporting her rival, accounting for more than 5% of the funds the PAC plans to deploy in this year's elections. However, Stratton won the primary held this week, making her a strong contender for the Senate seat in the November general election. She had previously received an 'F' grade from the pro-crypto advocacy group Stand With Crypto, indicating strong opposition to the industry.