Crypto-backed Super PAC spends $6.5M in Texas Democratic primary

The crypto-backed Super PAC Fairshake and its affiliates spent approximately $6.5 million in the Democratic primary runoff for Texas's 18th congressional district, according to Eleanor Terrett, host of Crypto in America. In the race, newcomer Menefee defeated 20-year incumbent Al Green. Most of Fairshake's funds were reportedly used to support Menefee, with some allocated to advertisements opposing Green. Previously, Green had voted against the GENIUS Act and the CLARITY Act, earning him an 'F' grade from the crypto advocacy group Stand With Crypto. Fairshake stated that the result proves there is a political cost to anti-crypto policies and that it will continue to support pro-crypto candidates.