# PAC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "PAC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Crypto Allies Gain Ground In Congress After Indiana Primary Win

The crypto industry's main political action committee, Fairshake, spent heavily to support the successful primary re-election of Indiana Republican Representative James Baird, a reliable ally on crypto legislation. Fairshake, backed by major firms like Coinbase and Ripple, has a massive war chest and is already directing millions toward other 2026 races. Baird's win coincides with advancing crypto bills in Congress, including the CLARITY Act, which recently overcame a key hurdle on stablecoin yield provisions. However, the legislation faces scrutiny, with some senators demanding added ethics rules before offering their support.

bitcoinist05/08 08:37

Crypto Allies Gain Ground In Congress After Indiana Primary Win

bitcoinist05/08 08:37

Nearly $300 Million Aimed at U.S. Midterm Elections, Tether Executive Takes Helm of Crypto Industry's Second-Largest Political Fund

A crypto super PAC named Fellowship, which claims to have raised over $100 million but has reported zero spending to the FEC, has appointed Jesse Spiro, Tether’s VP of Regulatory Affairs, as its chairman. This marks the first official public link between Tether and the PAC, despite earlier denials. Meanwhile, another major crypto PAC, Fairshake—backed by Coinbase, Ripple, and a16z—has amassed $193 million and has already spent over $8.6 million in Illinois primary races. Combined, the two PACs control nearly $300 million aimed at influencing the November midterm elections. The move comes as the crypto industry faces a critical legislative battle over the CLARITY Act, currently stalled in the Senate. A key point of contention is whether stablecoins can pay yields to users—a issue directly affecting Tether, the issuer of the world’s largest stablecoin, USDT. A recent Senate proposal would ban passive yield but allow transaction-based rewards, a compromise the industry finds too restrictive. With the White House’s top crypto advocate departing and the legislative window narrowing, Tether’s heightened political engagement signals a strategic push to shape regulation and protect its business interests through financial influence.

marsbit04/03 05:08

Nearly $300 Million Aimed at U.S. Midterm Elections, Tether Executive Takes Helm of Crypto Industry's Second-Largest Political Fund

marsbit04/03 05:08

Nearly $300 Million Aimed at U.S. Midterm Elections, Tether Executive Takes Helm of Crypto Industry's Second-Largest Political Fund

A crypto super PAC named Fellowship, which claims to have raised over $100 million but has yet to spend any funds, has named Jesse Spiro, Tether’s VP of Regulatory Affairs, as its chairman. This marks the first official public link between Tether and the PAC. Meanwhile, another major crypto PAC, Fairshake—backed by Coinbase, Ripple, and a16z—has amassed $193 million. Combined, the two PACs are directing nearly $300 million toward the upcoming U.S. midterm elections. Fellowship, formed in August 2025, had previously drawn speculation over its undisclosed donors and lack of activity. Federal Election Commission records show no reported donations or expenditures as of December 2023. Spiro’s appointment signals a more public role for the group, which plans to soon announce its first candidate endorsements. The move comes amid a legislative standoff in the Senate over the CLARITY Act, which includes contentious provisions on stablecoin yield payments—a key issue for Tether, the issuer of USDT. With critical crypto legislation at stake and the White House’s top digital assets adviser role now vacant, the industry is ramping up political spending to influence regulatory outcomes.

marsbit04/02 06:14

Nearly $300 Million Aimed at U.S. Midterm Elections, Tether Executive Takes Helm of Crypto Industry's Second-Largest Political Fund

marsbit04/02 06:14

Juliana Stratton Defeats Crypto-Backed Krishnamoorthi in Illinois Senate Primary

Illinois Lieutenant Governor Juliana Stratton won the Democratic primary for the U.S. Senate, defeating Representative Raja Krishnamoorthi, who had significant financial backing from crypto-related groups. The super PAC Fairshake, among others, contributed nearly $10 million to Krishnamoorthi’s campaign, largely funding attack ads against Stratton. Stratton, strongly endorsed by Governor JB Pritzker, criticized her opponent’s support from “MAGA-backed crypto bros” and received an "F" rating from crypto advocacy groups due to her lack of support for cryptocurrency legislation. The race highlights the growing influence of crypto funding in U.S. political campaigns. Stratton is favored to win the general election against Republican Don Tracy in the solidly Democratic state.

TheNewsCrypto03/18 07:21

Juliana Stratton Defeats Crypto-Backed Krishnamoorthi in Illinois Senate Primary

TheNewsCrypto03/18 07:21

Crypto And The 2026 Elections: By The Numbers And What Lies Ahead

The cryptocurrency industry is preparing to significantly influence the 2026 midterm elections, building on its role in the 2024 cycle. The leading crypto-aligned super PAC, Fairshake, entered 2026 with over $193 million in cash. It is already targeting key races, such as supporting Republican Barry Moore for Senate in Alabama and opposing Democratic Representative Al Green in Texas. The industry's political spending, which reached nearly $180 million in the last cycle, aims to secure regulatory clarity. While it achieved a victory with the stablecoin-focused GENIUS Act, its top priority—the broader CLARITY Act for market structure—remains stalled in the Senate. Critics question the use of "unregulated money" in elections, but advocates argue the spending is necessary to push for responsible regulation and innovation.

bitcoinist02/17 11:32

Crypto And The 2026 Elections: By The Numbers And What Lies Ahead

bitcoinist02/17 11:32

Crypto PAC Pledges $1.5M to Unseat Al Green in Texas

A pro-crypto Super PAC, Protect Progress, has pledged $1.5 million to oppose Representative Al Green in the upcoming Texas Democratic primary. The group, an affiliate of the crypto-focused Fairshake PAC, is targeting Green due to his voting record against major crypto legislation, including the GENIUS Act and CLARITY Act. It claims his stance harms innovation and economic growth in Texas. Green faces challenger Christian Menefee, whom the group rates as "strongly supportive" of crypto. Menefee has expressed interest in using blockchain for practical applications like reducing property fraud. The primary outcome may indicate the growing influence of crypto-backed funding in shaping elections. Fairshake, which has raised $193 million, spent approximately $130 million in the 2024 cycle to support pro-crypto candidates. This race exemplifies the crypto industry's expanding political footprint and its strategy to influence regulatory debates through targeted campaign spending.

TheNewsCrypto02/13 06:47

Crypto PAC Pledges $1.5M to Unseat Al Green in Texas

TheNewsCrypto02/13 06:47

Crypto PAC Pledges $5M for Barry Moore Senate Run

A crypto-aligned super PAC, Defend American Jobs, plans to spend $5 million to support Barry Moore’s U.S. Senate campaign. The group, linked to the prominent crypto PAC Fairshake, will run a five-week ad campaign featuring Donald Trump’s endorsement. Fairshake has already spent heavily in the 2024 elections to back pro-crypto candidates. Moore, a House member since 2020, serves on the Agriculture Committee and has supported digital asset innovation. His opponent, Alabama AG Steve Marshall, also holds a supportive crypto rating. With primaries in May, the investment signals crypto policy’s growing role in elections. Super PACs like Fairshake must disclose donors but operate independently from campaigns.

TheNewsCrypto02/11 10:06

Crypto PAC Pledges $5M for Barry Moore Senate Run

TheNewsCrypto02/11 10:06

Trump's Midterm Election Donors Exposed: From Crypto.com to OpenAI, Crypto and AI Giants Generously Contribute

Donald Trump's midterm election fundraising has reached $429 million, with his super PAC holding $304 million—tens of millions more than Democratic opponents. Significant contributions came from the crypto and AI sectors, including $5 million from Elon Musk, $25 million from OpenAI co-founder Greg Brockman and his wife, and $16 million from SIG co-founder Jeff Yass. Crypto.com donated $30 million, while Blockchain.com and a16z founders Ben Horowitz and Marc Andreessen each contributed. Major donations also poured in from energy, healthcare, and finance industries, such as $10 million from Extremity Care, $12.5 million from energy entrepreneur Kelcy Warren, and $1 million each from figures like NFL Dallas Cowboys owner Jerry Jones and Chevron board member John Hess.

marsbit02/04 05:52

Trump's Midterm Election Donors Exposed: From Crypto.com to OpenAI, Crypto and AI Giants Generously Contribute

marsbit02/04 05:52

Fairshake Raises $193 Million as Crypto Firms Prepare for 2026 Midterm Elections

Fairshake, the largest crypto-backed political action committee (PAC), has raised $193 million in preparation for the 2026 U.S. midterm elections. Major contributors include Ripple, Andreessen Horowitz, and Coinbase. The group supports candidates based on their stance toward cryptocurrency, aiming to influence lawmakers to back clear crypto regulations. It operates through affiliated groups supporting both Democrats and Republicans who are crypto-friendly. Key legislative priorities include the stalled Digital Asset Market Clarity Act, which defines regulatory roles and rules for crypto companies. Fairshake is mobilizing early to prevent further delays in crypto legislation, particularly if Democrats gain congressional control, and to protect the industry from becoming a political target. The effort underscores crypto’s growing influence in U.S. politics.

TheNewsCrypto01/29 11:36

Fairshake Raises $193 Million as Crypto Firms Prepare for 2026 Midterm Elections

TheNewsCrypto01/29 11:36

活动图片

Project Updatesright-arrow

Ethereumright-arrow