Altcoins News

Story: Crypto PACs Pour $1.5 Million Into Florida, Alaska, and Wyoming Races After Michigan Stumble

By James Thorp

1 / 15

Who the PACs Are Betting On. The candidate selection wasn't random. Begich, Hageman, and Frankel all voted in favor of both the…

2 / 15

CLARITY Act Hangs in the Balance. Here's the thing that makes all of this spending feel more urgent.

3 / 15

What the Michigan Loss Actually Means. Some people will read the Michigan result as a sign that crypto PAC money has limits.

4 / 15

Two Super PACs tied to the cryptocurrency industry dropped more than $1.5 million on media campaigns targeting House and Senate races across Florida, Alaska, and Wyoming.

5 / 15

Defend American Jobs and Protect Progress, both affiliated with the broader Fairshake network, moved the funds ahead of August 18 primaries.

6 / 15

Protect Progress also wrote a smaller check: over $50,000 to back Lois Frankel's re-election in Florida's 23rd district.

7 / 15

The candidate selection wasn't random. Begich, Hageman, and Frankel all voted in favor of both the GENIUS Act and the Digital Asset Market Clarity Act — known as the CLARITY Act…

8 / 15

Stand With Crypto, a separate crypto advocacy organization, has been rating candidates based on their public positions and crypto support.

9 / 15

The Michigan loss is still fresh. Protect Progress backed Shri Thanedar in that primary, and he lost to State Representative Donavan McKinney.

10 / 15

Read also: Donavan McKinney Beats Cryptos $2M Bet in Michigans 13th District Primary

11 / 15

Here's the thing that makes all of this spending feel more urgent. As of Thursday, the US Senate hadn't confirmed whether it would vote on the CLARITY Act before heading into its…

12 / 15

All 435 House seats are up in 2026. So are 33 Senate seats. The way sitting lawmakers vote on crypto-related bills between now and November could directly shape whether they get…

13 / 15

The CLARITY Act itself would establish a framework for digital asset market structure — a regulatory question that's been murky for years.

14 / 15

Related: Crypto Market Loses $2 Trillion but Traders Keep Piling Into Leveraged Bets

15 / 15

Gruters is still an open question. She's the one candidate in this batch without a public crypto stance on record.

The Currency Analytics

Want the full story?