CryptoPAC Spends $10 Million to Unseat 20-Year Anti-Crypto Congressman, Boosts Newcomer Menefee

BlockBeats News, May 27th - According to crypto journalist Eleanor Terrett, in the Democratic primary runoff for the 18th Congressional District in Texas, newcomer candidate Menefee successfully defeated the 20-year incumbent Al Green. The cryptocurrency industry super PAC Fairshake and its affiliates collectively contributed approximately $10.5 million to his campaign, with $6.5 million used to support Menefee and another $4 million to oppose Green. Green, who voted against pro-crypto bills such as the GENIUS Act and the CLARITY Act, received only an "F" rating in the scorecard of the crypto advocacy group Stand With Crypto, becoming the first incumbent Democratic congressman to lose due to an anti-crypto stance in this election cycle.

In a post-election statement, Fairshake bluntly stated, "Congressman Green's defeat proves that hostility towards crypto will have tangible electoral consequences. Fairshake was a key factor in this campaign, and we will continue to strongly support leaders like Congressman Menefee nationwide."