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Fairshake PAC and its affiliates deployed $8 million in combined media spending to back candidates in Maryland, New York, and Utah, with crypto-aligned picks winning primaries in all three states.
The results mark a direct test of the industry's organized electoral muscle ahead of the general election cycle.
Critics pushed back, framing the campaign as outsized influence by what they called "crypto billionaires." $8 Million Across Three Battlegrounds The Fairshake PAC — a political action committee aligned with the crypto industry — and affiliated groups directed their combined $8 million spend at media buys supporting their chosen candidates in the Maryland, New York, and Utah primaries.
The coordinated outlay underlines how the industry has moved from lobbying corridors to direct electoral intervention, funding campaigns at the state level where regulatory and legislative groundwork often gets laid before federal action follows.
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