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Crypto critic Brad Sherman advances to general election; whether crypto PACs will intervene becomes a focal point
According to reporter Eleanor Terrett (@EleanorTerrett), cryptocurrency critic and U.S. Representative Brad Sherman has advanced smoothly to the general election for California’s 32nd congressional district and will face pro-crypto Republican candidate Larry Thompson again in November. Thompson eliminated Democratic challenger Jake Levine in the primary, but he lost to Sherman by over 32 points in 2024. Given Sherman’s overwhelming advantage in this deeply blue district, attention is turning to whether the cryptocurrency political action committee (Crypto PAC) will be willing to invest funds to oppose Sherman.
Crypto Industry Election Funding Shows a Republican Lean Ahead of U.S. Midterm Elections
According to CoinDesk, as the U.S. midterm elections heat up, cryptocurrency industry political action committees (PACs) are significantly increasing their financial support for congressional races. Some newly formed PACs are shifting their focus toward Republican candidates. The report notes that Fairshake remains the most influential super PAC in the industry, having already influenced primary outcomes in states like Texas through large-scale spending—and contributing to the defeat of long-time critic, Representative Al Green. Meanwhile, newer PACs such as Fellowship and the Digital Freedom Fund are backing Republican candidates more heavily, potentially undermining the bipartisan balance the crypto industry has maintained across several previous election cycles.
Crypto PAC Spends $9 Million in Texas Primary, Positioning for 2026 Midterms
According to CoinDesk, the cryptocurrency Political Action Committee (PAC) spent a total of $9 million in Texas primaries, supporting winning candidates from both parties—demonstrating the industry’s active effort to secure political influence and laying early groundwork for the 2026 midterm elections.
PACs and executives related to cryptocurrency have invested over $500 million in the 2026 U.S. presidential election.
According to Cointelegraph, cryptocurrency-related political action committees (PACs) and industry executives have invested over $500 million in the 2026 U.S. election, with Republican candidates receiving significantly more support than Democratic candidates.
PAC Blockchain Leadership Fund Announces First Bipartisan Endorsement List for 2026 Midterm Elections
the Blockchain Leadership Fund (BLF), a bipartisan hybrid political action committee (PAC) co-founded by Anchorage Digital and Chainlink Labs in March 2026, has released its first list of endorsements for the 2026 US midterm elections, providing campaign contributions to support multiple candidates from both parties in the Senate and House of Representatives.The endorsements include Senate candidates Barry Moore, Kurt Alme, Jon Husted, and Angie Craig, as well as House candidates Houston Gaines, Jim Kingston, Jon Bonck, Adrian Boafo, Christian Menefee, and Don Davis, covering key states such as Alabama, Montana, Ohio, Minnesota, Georgia, Texas, Maryland, and North Carolina. The fund stated it will continue to evaluate candidates and expand its support at the federal, state, and local levels. (Cryptoinamerica)
Republican Party leaders pressured Lutnick to withdraw the $1.75 million support from the crypto PAC for Texas primaries.
According to Axios, Fellowship PAC—a cryptocurrency-focused super political action committee funded by Howard Lutnick’s former firm Cantor Fitzgerald—disclosed in its Federal Election Commission (FEC) filing plans to spend $1.75 million supporting Ken Paxton in the Texas primary runoff. This move has raised alarms among senior Republican officials. Several top GOP officials called Lutnick on Tuesday, urging him to intervene and correct course. Republican leaders are concerned that the expenditure could interfere in a sensitive intra-party primary—Donald Trump has yet to publicly endorse either Paxton or Senator John Cornyn.
Related news
Crypto critic Brad Sherman advances to general election; whether crypto PACs will intervene becomes a focal point
According to reporter Eleanor Terrett (@EleanorTerrett), cryptocurrency critic and U.S. Representative Brad Sherman has advanced smoothly to the general election for California’s 32nd congressional district and will face pro-crypto Republican candidate Larry Thompson again in November. Thompson eliminated Democratic challenger Jake Levine in the primary, but he lost to Sherman by over 32 points in 2024. Given Sherman’s overwhelming advantage in this deeply blue district, attention is turning to whether the cryptocurrency political action committee (Crypto PAC) will be willing to invest funds to oppose Sherman.
Crypto Industry Election Funding Shows a Republican Lean Ahead of U.S. Midterm Elections
According to CoinDesk, as the U.S. midterm elections heat up, cryptocurrency industry political action committees (PACs) are significantly increasing their financial support for congressional races. Some newly formed PACs are shifting their focus toward Republican candidates. The report notes that Fairshake remains the most influential super PAC in the industry, having already influenced primary outcomes in states like Texas through large-scale spending—and contributing to the defeat of long-time critic, Representative Al Green. Meanwhile, newer PACs such as Fellowship and the Digital Freedom Fund are backing Republican candidates more heavily, potentially undermining the bipartisan balance the crypto industry has maintained across several previous election cycles.
Crypto PAC Spends $9 Million in Texas Primary, Positioning for 2026 Midterms
According to CoinDesk, the cryptocurrency Political Action Committee (PAC) spent a total of $9 million in Texas primaries, supporting winning candidates from both parties—demonstrating the industry’s active effort to secure political influence and laying early groundwork for the 2026 midterm elections.
PACs and executives related to cryptocurrency have invested over $500 million in the 2026 U.S. presidential election.
According to Cointelegraph, cryptocurrency-related political action committees (PACs) and industry executives have invested over $500 million in the 2026 U.S. election, with Republican candidates receiving significantly more support than Democratic candidates.
PAC Blockchain Leadership Fund Announces First Bipartisan Endorsement List for 2026 Midterm Elections
the Blockchain Leadership Fund (BLF), a bipartisan hybrid political action committee (PAC) co-founded by Anchorage Digital and Chainlink Labs in March 2026, has released its first list of endorsements for the 2026 US midterm elections, providing campaign contributions to support multiple candidates from both parties in the Senate and House of Representatives.The endorsements include Senate candidates Barry Moore, Kurt Alme, Jon Husted, and Angie Craig, as well as House candidates Houston Gaines, Jim Kingston, Jon Bonck, Adrian Boafo, Christian Menefee, and Don Davis, covering key states such as Alabama, Montana, Ohio, Minnesota, Georgia, Texas, Maryland, and North Carolina. The fund stated it will continue to evaluate candidates and expand its support at the federal, state, and local levels. (Cryptoinamerica)
a16z Becomes the Largest Donor in This Year’s U.S. Midterm Elections, with Over $115 Million in Disclosed Federal Contributions
According to The New York Times, venture capital firm Andreessen Horowitz (a16z) and its co-founders Marc Andreessen and Ben Horowitz collectively disclosed over $115 million in federal political contributions during this midterm election cycle—surpassing George Soros ($102.9 million), Elon Musk ($85 million), and Jeff Yass ($81.8 million)—making them the largest known political donor in this election cycle. Compared to their approximately $63 million in contributions during the 2024 election cycle, this cycle’s total marks a substantial increase. Notably, on November 6, 2024—the day after Election Day—a16z contributed over $23 million to a major cryptocurrency industry super PAC, underscoring its political engagement as part of a clear, long-term strategic agenda.