CoinTelegraph

Crypto Lobby Strikes Gold: PAC-Backed Candidates Sweep Three US State Primaries

June 24, 2026•02:10 PM

The crypto industry has officially entered the political arena with massive impact. Candidates supported by the Fairshake PAC and its affiliates secured key victories in the Maryland, New York, and Utah primaries, positioning themselves as powerful voices for digital asset policies in the upcoming US elections.

Driven by an $8 million media blitz funded by industry titans like Coinbase and Ripple Labs, these wins come despite intense scrutiny regarding 'crypto billionaire' spending. This successful deployment of political capital marks a turning point in how cryptocurrency interests can influence legislative outcomes and regulatory frameworks in Washington.

The crypto-aligned political movement achieved a major milestone this Tuesday as candidates backed by the Fairshake PAC and its affiliates won crucial primaries in Maryland, New York, and Utah. These victories set the stage for the high-stakes November general elections.

Supported by heavyweights such as Coinbase and Ripple Labs, the Fairshake PAC spent a combined $8 million on media to promote candidates favorable to the digital asset industry. Notable winners include Democrat Ritchie Torres in New York (71.9%) and Republican Blake Moore in Utah (57.5%). In Maryland, the affiliate Protect Progress spent $5.5 million to help Adrian Boafo win the Democratic primary, successfully navigating a political landscape filled with criticism over crypto-funded campaign spending.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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