Crypto PACs spend $9 million in Texas and score wins in both parties
Key takeaways
- Houston Democrat Christian Menefee defeated fellow Democrat Rep.
- Green had earned an “F” from crypto advocacy group Stand With Crypto after opposing key industry-backed legislation and warning that cryptocurrency could erode U.S. financial leverage abroad.
- In the Republican Senate primary, Texas Attorney General Ken Paxton toppled longtime Sen.
Al Green, a vocal crypto critic with an “F” rating from Stand With Crypto, in a rare incumbent-on-incumbent primary runoff shaped by Republican-led redistricting.Crypto-backed groups, including Fairshake affiliates and Fellowship PAC, also supported Ken Paxton’s successful challenge to Sen. John Cornyn and funded several winning Republican runoff candidates, signaling an aggressive push ahead of the 2026 midterms.Crypto-focused political committees are flexing their growing bipartisan political muscle in Texas, spending more than $9 million on races this cycle as Tuesday’s primaries deliver a string of wins for industry-backed candidates across both parties.
Houston Democrat Christian Menefee defeated fellow Democrat Rep. Al Green in the Democratic primary runoff for Texas’s 18th Congressional District, after Republican-led redistricting dismantled Green’s longtime seat and forced the House Financial Services Committee member into a rare incumbent-on-incumbent showdown.
Green had earned an “F” from crypto advocacy group Stand With Crypto after opposing key industry-backed legislation and warning that cryptocurrency could erode U.S. financial leverage abroad.