Crypto PACs rack up primary wins, turn to general election

The crypto industry's political machine kept up its winning streak in U.S. primary season, with Fairshake-backed candidates including Massachusetts incumbent Jake Auchincloss advancing to November. With primary races largely settled, the industry's focus now shifts to the general election, where crypto-friendly representatives are expected to vote on the CLARITY Act and other digital asset legislation.

The results build on earlier spending this cycle as crypto-aligned PACs pour money into House races ahead of a pivotal policy stretch for stablecoins and market structure.