Crypto PACs Stay Undefeated in June Primaries

Crypto-backed super PACs swept Tuesday's primaries, with all 11 candidates supported by Fairshake affiliates advancing or winning their races, extending the industry's electoral winning streak while revealing a strategy increasingly focused on cultivating Democratic allies rather than backing established crypto champions. The results spanned nine California congressional races, New Jersey's 8th District, and South Dakota's Senate primary. The roster included supporters of the CLARITY Act, the GENIUS Act and blockchain developer protections, as well as candidates who signed pro-crypto pledges through Stand With Crypto. Among the winners were California Democrats Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa, and George Whitesides, along with New Jersey Democrat Rob Menendez as well as South Dakota Republican Mike Rounds. All this comes just a week after crypto-backed groups scored another series of victories in Texas, where Fairshake affiliates and other industry-backed PACs spent more than $9 million supporting candidates across both parties. The most notable defeat in Texas was Rep. Al Green, a longtime crypto critic and House Financial Services Committee member who held an F rating from Stand With Crypto. Even Polymarket bettors can't agree on which party will control Congress after November, so crypto groups have increasingly pursued a bipartisan strategy, seeking to ensure they retain influence regardless of whether Democrats, Republicans, or a split government emerges from the midterms.