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Multiple PACs supported by crypto companies concentrated their funding in several key primary and runoff elections in Texas, USA.

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ME News message: On May 27 (UTC+8), according to Eleanor Terrett, the cryptocurrency industry—valued at about $2.5 trillion—is concentrating funding through multiple PACs backed by crypto firms in several key runoff primaries in Texas, USA. Among them, the Fellowship PAC supported by tether has spent $500,000 on campaign ads for Ken Paxton against incumbent Senator John Cornyn. This came after it withdrew a previously planned $1.75 million ad budget for Paxton. The newly established Blockchain Leadership Fund has donated to candidate CD Menefee in Texas’ 18th district (TX-18) and candidate Jon Bonck in Texas’ 38th district (TX-38). Fairshake, the largest crypto industry super PAC network, and its affiliated organizations held approximately $193 million in funds earlier this year. They have invested $6.5 million in TX-18 to support Menefee, more than $2.5 million to oppose incumbent U.S. Representative Al Green, and a total of about $1.8 million to support multiple candidates across several Republican primaries. (Source: PANews)
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StardustUnderTheGlassDome
· 7h ago
Is the name Fairshake meant to be fair or to shake?
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ExitLiquidityStan
· 7h ago
Who did Al Green offend to be precisely targeted with 6.5 million?
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TheNemesisOfFomo
· 7h ago
Blockchain Leadership Fund这名字听着像DAO，结果搞传统PAC
Reply0
CandleLibrarian
· 7h ago
From code governance to political donations, the evolution speed of Web3
View OriginalReply0

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