#crypto-pac

➤ Crypto-aligned Political Action Committees (PACs) have significantly influenced state primaries by financing targeted media buys for pro-crypto candidates. ➤ Groups like Fairshake, backed by major crypto firms, have deployed substantial funds to support candidates promising clearer regulations and industry-friendly stances. ➤ This trend indicates a growing political influence of the crypto industry in shaping election outcomes and future policy development in the United States.

➤ Crypto PAC Protect Progress has invested $5 million in a Texas congressional runoff, backing Christian Menefee against incumbent Al Green. ➤ Al Green is targeted due to his opposition to crypto-friendly legislation like the GENIUS Act and Clarity Act, receiving an 'F' grade from Stand With Crypto. ➤ This significant PAC spending is seen as a test of pro-crypto influence on congressional races and broader crypto policy institutionalization.

➤ The Blockchain Leadership Fund, backed by Anchorage Digital and Chainlink Labs, has endorsed ten candidates for the 2026 US midterm elections. ➤ The PAC aims to support candidates who advocate for responsible digital asset and blockchain policy, with initial funding of $175,000. ➤ This initiative highlights the growing influence of the crypto industry in US political landscapes, with significant spending already seen in previous election cycles.

➤ Cantor Fitzgerald has donated $10 million to the Fellowship PAC, a super PAC supporting pro-crypto candidates, highlighting the growing influence of crypto in political funding. ➤ The donation underscores the close ties between Cantor Fitzgerald and Tether, with Cantor serving as a custodian for Tether's reserves and its USAT stablecoin. ➤ The PAC aims to support candidates advocating for clear regulations in the digital asset space, with other crypto firms like Anchorage Digital also contributing.