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06/24 04:05

Crypto PAC's $5.5 million Congress pick gets Maryl

Crypto PAC's $5.5 million Congress pick gets Maryland win, more crypto allies advanceThe leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level money — some $5.5 million — to Adrian Boafo, a Democrat who just won his party's nomination for a Maryland seat on Tuesday. The state delegate's dominant victory records another success for the industry's super PAC and its affiliates after having notched a big primary election win with its $12 million devoted to Barry Moore's Alabama Senate bid last week. Boafo's campaign website says he's looking to "provide responsible regulatory clarity for innovators building the next generation of financial tools," though it also included consumer-protection language often associated with crypto-resistance Democrats. Still, he has a record of pro-crypto legislative efforts in his state and favorably completed advocacy group Stand With Crypto's political questionnaire to earn that group's "A" rating. The industry's support didn't go unnoticed. The open seat drew a massive number of Democratic candidates to replace outgoing Rep. Steny Hoyer, and Maryland's U.S. Senator Chris Van Hollen bashed the "obscene amount of big special-interest money" Boafo received in the race. In the same state, Fairshake backed incumbent Representative April McClain Delaney for $516,000, while also contributing ad spending in other states' Tuesday primaries to Republican incumbent Representative Blake Moore in Utah and $1.3 million for one of the industry's most reliable allies in the House, Representative Ritchie Torres, a New York Democrat. All of them also won their races or were winning, with McClain Delaney in an early lead with votes still being counted. #World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge $HTX

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