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06/24 06:09

Crypto PAC's $5.5 million Congress pick gets Mary

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary 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

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