Guavy AI Editorial TeamSentiment: 2Clout: 75

Crypto PACs Pour Millions into Texas Primaries

Crypto-focused political committees have been increasingly active in U.S. elections, and the 2022 Texas primaries were no exception.

A total of over $9 million was spent by these committees, with the majority going towards supporting winning candidates in both parties.

Fellowship PAC contributed $500,000 to Ken Paxton's successful Senate campaign against John Cornyn.

Geoff Vetter, a spokesperson for Fairshake, attributed their involvement in several Republican campaigns to their goal of expanding the national footprint of crypto-aligned politicians.