Crypto-focused political action committees (PACs) have invested over $9 million in Texas this election cycle, contributing to a notable series of primary victories for candidates aligned with the digital asset industry from both political parties.
In a significant Democratic primary runoff for Texas’s 18th Congressional District, Houston Democrat Christian Menefee triumphed over Rep. Al Green, a prominent critic of cryptocurrency who had received an “F” rating from Stand With Crypto. This contest was particularly noteworthy due to a Republican-led redistricting that reshaped Green’s long-held district.
Rep. Green had opposed key legislation favored by the crypto sector and expressed concerns that cryptocurrency could diminish the U.S.'s financial standing globally.
“Rep. Green’s defeat proves that anti-crypto hostility carries real electoral consequences,” stated Geoff Vetter, a spokesperson for Fairshake. “Fairshake was the difference-maker in this race, and we will continue to aggressively back leaders like Rep. Menefee across the country.”
In the Republican Senate primary, Texas Attorney General Ken Paxton successfully challenged long-serving Sen. John Cornyn. Additionally, the Fairshake-backed Republican group, Defend American Jobs, and its Democratic counterpart, Protect Progress, supported candidates from both sides of the aisle. The crypto-focused Fellowship PAC notably contributed $500,000 to Paxton’s campaign.
Furthermore, Defend American Jobs allocated approximately $1.8 million to support four Republican candidates who won their respective races: Jon Bonck ($348,433), Tom Sell ($426,279), Carlos De La Cruz ($581,172), and Alex Mealer ($436,278). These races typically attract low turnout, allowing well-funded candidates to gain a significant advantage heading into the November elections.
Despite Texas holding only one night of primaries, the outcomes indicate that the crypto industry is positioning itself strongly with a robust financial backing for the upcoming 2026 midterms, where Democrats are slightly favored to gain control of both the House and Senate.