- PAC0%
BlockBeats News, May 27th, According to crypto journalist Eleanor Terrett, in the Democratic primary runoff for the 18th Congressional District in Texas, newcomer congressional candidate Menefee successfully defeated the 20-year incumbent Al Green. The cryptocurrency industry super PAC Fairshake and its affiliates contributed a total of approximately $10.5 million to his campaign, with $6.5 million used to support Menefee and another $4 million to oppose Green. Green, who voted against pro-crypto bills such as the GENIUS Act and the CLARITY Act, received only an "F" grade in the rating by the crypto advocacy group Stand With Crypto, becoming the first Democratic incumbent to lose re-election in this cycle due to an anti-crypto stance.
In a post-election statement, Fairshake bluntly stated, "Congressman Green's defeat illustrates that hostility towards crypto will have tangible electoral consequences. Fairshake was a key factor in this election and will continue to strongly support leaders like Congressman Menefee nationwide."
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