Follow the Crypto

NBC primary results showing Christian Menefee at 46% with 31,280 votes; Al Green at 45.6% with 30,975 votes; Amanda Edwards at 6.5% with 4,427 votes. 67.3% of expected votes in (Est. remaining 34,000)

The biggest outstanding question is whether Democrat Christian Menefee (backed by more than $1.5 million in crypto super PAC money) will defeat incumbent Al Green, an outspoken Trump opponent who's been skeptical of crypto.

A number of crypto-funded candidates advanced in tonight's primaries, though mostly ones who were already safe bets.
• Jessica Steinmann (R, #TX08, $772,000 from crypto PACs)
• French Hill (incumbent R, #AR02, $418,000)
• Trever Nehls (R, #TX22, $141,000)
• Timothy K. Moore (R, #NC14, $81,000)

Other spending from the industry Raja Krishnamoorthi $22,000 in total other support from companies and individuals Andreessen Horowitz – $14,000 $7,000.00 from Christopher Dixon (Partner) $7,000.00 from Ben Horowitz (Cofounder And GP) Coinbase – $3,500 $3,500.00 from Greg Tusar (VP Institutional) Solana Labs – $3,500 $3,500.00 from Anatoly Yakovenko (CEO And Co-Founder) FalconX – $1,000 $1,000.00 from Raju Indukuri (Founder)

Stratton’s Democratic opponents, Reps. Raja Krishnamoorthi and Robin Kelly, both voted for the crypto industry’s GENIUS Act stablecoin legislation last year. Krishnamoorthi seems to be the industry favorite, enjoying $22k in contributions from Andreessen Horowitz, Coinbase, Solana, FalconX execs

This is the PACs’ new largest expenditure to date. The opposition spending somewhat mimics Fairshake’s opposition to Katie Porter in 2024. Like Porter, she has not been tremendously outspoken about crypto, but she has been endorsed by industry enemy Senator Elizabeth Warren.

The Fairshake pro-crypto super PAC has just spent $5.2 million on attack ads targeting Democrat Juliana Stratton in her primary race for Illinois Senate.

The ads cast her as “corrupt criminal Mike Madigan’s hand-picked politician” who “follow[s] his orders at any cost”.

Crypto super PAC pumps $5M into GOP primary to support Moore A cryptocurrency super PAC will spend $5 million over five weeks on ads to support Rep. Barry Moore's bid for U.S. Senate.

The Fairshake network, which is backing Moore via its “Defend American Jobs” conservative arm, has said it intends to spend $5 million on a five-week ad campaign supporting Moore and highlighting Trump’s endorsement.

aldailynews.com/crypto-super...

Other February PAC spending mostly targets races in states with early primaries.
• $260k to back Jessica Steinmann in TX H-8
• $92k to back Chris Gober in TX H-10
• $141k to back Trever Nehls in TX H-22
• $81k to back Tim Moore in NC H-14

Josh Vlasto is simultaneously one of the leaders of the pro-AI industry super PAC spending in support of Jackson, and the spokesperson for the Fairshake pro-crypto super PAC spending against Peters.

He added, "They’re all in for my opponent because he’s already shown that he can be bought—and I’ve made it clear that I can’t." This is a nod to his opponent Jesse Jackson Jr., whose $1.1 million in outside support all comes from the Think Big pro-AI industry super PAC.

Peters issued a statement that “Super PACs funded by Trump-aligned billionaires are dumping millions of dollars into this race to try to buy this seat and subvert the will of the electorate."

Money involved in this election Donna Miller (D): $1.3M raised, $1.5M in outside spending to support Jesse L. Jackson, Jr. (D): $206k raised, $1.1M in outside spending to support Robert Peters (D): $900k raised, $310k in outside spending to support, $82k in outside spending to oppose ($41k from crypto PACs) Mike Noak (R): No spending data

On February 17, the Fairshake crypto super PAC spent $41,000 to oppose Democrat Robert Peters in his primary race in Illinois District 2. As with Ford in District 7, the PACs are targeting him for his support of a consumer protection bill in the IL Senate.

www.followthecrypto.org/2026/electio...

The PAC is targeting Ford because of his August 2025 support for a bill in the Illinois legislature that created the Digital Assets and Consumer Protection Act, which imposes regulatory requirements on cryptocurrency business in the state.

Ford, one of 13 Democratic primary candidates looking to succeed the retiring Danny K. Davis as 7th District representative in Congress, stood with Davis and other supporters at his campaign headquarters to address a video ad and political mailers that falsely imply that he was convicted of felonies related to bank fraud.  The attack ad, created by the Fairshare super PAC, referred to a federal indictment against Ford in 2012, charging him with bank fraud and submitting false information. The video pieces together statements in a way that conveys that one statement made related to the next statement. But they do not.  Ford, the video intones, “was indicted on 17 counts.” Waiting a moment for effect, they repeat, “17 counts” over a graphic of “17 counts” handwritten on a piece of cardboard. “The verdict? Ford convicted of tax fraud.” But Ford was not charged with tax fraud in the 17-count indictment. That single charge was in a superseding indictment. In 2014, after the original prosecutor left office, another prosecutor took over the case, and the U.S. Attorney in Chicago suddenly dropped all 17 felony charges in exchange for Ford agreeing to enter a guilty plea to a single misdemeanor tax charge. Ford, who has worked in real estate and property rehab on the West Side, agreed to plead guilty to overstating the rehab costs on one of his properties by about $23,000, which lowered his capital gains taxes when the property was sold, resulting in $3,782 in lost tax revenue to the IRS. He was sentenced to probation, a $1,000 fine and restitution.

Fairshake's spending went towards an attack ad and mailers that falsely imply Ford was convicted of felonies related to bank fraud, says the Wednesday Journal.

Money involved in this election La Shawn Ford (D): $410k raised, $1.6M in outside spending to oppose ($1.58M from crypto PACs) Jason Friedman (D): $1.8M raised ($4.5k from crypto donors), $180k in outside spending to support Thomas Fisher (D): $630k raised, $120k in outside spending to support Richard Boykin (D): $330k raised Anthony Driver Jr. (D): $180k raised, $82k in outside spending to support Reed Showalter (D): $250k raised Rory Hoskins (D): $160k raised Anabel Mendoza (D): $130k raised Danny Davis (D, not running): $86k raised

Crypto super PAC Fairshake has spent more than $1.5 million on ads against Illinois District 7 candidate La Shawn Ford in his Democratic primary. Ford has denounced the spending as "blood money".

www.followthecrypto.org/2026/electio...

While Menefee has embraced blockchain and AI in statements on his website and to crypto advocacy group Stand With Crypto, this is likely also strongly motivated by Al Green's outspoken opposition to Trump, including calls for his impeachment.

Money involved in this election Christian Menefee (D): $2.7M raised, $2M in outside spending to support ($1.56M from crypto PACs) Amanda Edwards (D): $1.7M raised Al Green (D): $940k raised Ronald Whitfield (R) and Elizabeth Vences (R) have no fundraising to report

From February 12–17, the Fairshake crypto super PAC network spent $1.5 million to support Democrat Christian Menefee in his primary race against Al Green in District 18 (incumbent in District 9). Fairshake has deemed Green "actively hostile" to crypto.

www.followthecrypto.org/2026/electio...

Money involved in this election Tommy Tuberville (R, not running in this race): $4M raised ($21,000 from crypto donors), $110k in outside spending to support Barry Moore (R): $1.4M raised, $2.3M in outside spending to support ($2.015M from crypto PACs) Steve Marshall (R): $1.2M raised Jared Hudson (R): $850k raised, $51k in outside spending to support Rodney Walker (R): $620k raised Kyle Sweetser (D): $120k raised Dakarai Larriett (D): $100k raised Mark Wheeler II (D): $15k raised

From February 11–18, the Fairshake cryptocurrency super PAC network has spent over $2 million to back current Alabama Rep. Barry Moore in his Senate campaign.

This is the largest PAC expenditure to date for the 2026 midterms.

www.followthecrypto.org/2026/electio...

Arkansas House District 2 election | Follow the Crypto Cryptocurrency industry spending to influence the Arkansas House District 2 election.

www.followthecrypto.org/2026/electio...

Money involved in this election French Hill (R): $3.1M raised (~$543,000 from crypto donors), $420,000 in outside spending to support ($384,000 from crypto PACs) Chris Jones (D): $470,000 raised Chase McDowell (R): $160,000 raised

From February 5–18, the Fairshake super PAC network spent $384,000 to support incumbent Republican French Hill in Arkansas’ District 2. Hill is Chairman of the House Financial Services Committee and a longtime industry ally who has also received $500,000 in direct support from Coinbase and others.

Chart showing money involved in this election. Timothy K. Moore: $1.1M raised, $81,000 in outside spending to support (all from crypto PACs) Brent Caldwell: $59,000 raised Kate Barr: $18,000 raised

From February 12–19, the Fairshake cryptocurrency super PAC network has spent $81,000 to support Republican Tim Moore in North Carolina’s 14th District.

www.followthecrypto.org/2026/electio...

Massachusetts Senate election | Follow the Crypto Cryptocurrency industry spending to influence the Massachusetts Senate election.

Democrat Elizabeth Warren has won re-election to the Massachusetts Senate, winning over longshot crypto candidate Republican John Deaton. Deaton received $1.7 million in backing from crypto industry, which also spent a bit over $400K to oppose Warren.

www.followthecrypto.org/elections/MA-S

West Virginia Senate election | Follow the Crypto Cryptocurrency industry spending to influence the West Virginia Senate election.

Republican Jim Justice has won his West Virginia Senate race, flipping the seat from retiring Democrat Joe Manchin. Justice was heavily favored to win.

He received $3 million in crypto super PAC support in his primary race, but no support in the general.
www.followthecrypto.org/elections/WV-S

Chart of spending in the Indiana Senate race. Jim Banks raised $6.8 million and $4 million was spent to support him. $3 million of it was from the crypto industry. Two Democratic opponents, Valerie McCray and Marc Carmichael, raised a little over $100K.

Republican Jim Banks has won his Indiana Senate race, as the heavily favored candidate. He received $3 million in crypto super PAC support in his primary race, but no support in the general.

followthecrypto.org/elections/IN-S

Other recent crypto PAC spending:
• Almost $2 million to support Pat Ryan (Democrat running in NY District 18)
• Almost $975,000 to support Angie Craig (Democrat running in MN District 2)
• A little over $800,000 to support Eric Sorenson (Democrat running in IL District 17)

Spending in the Michigan Senate race. Elissa Slotkin (D) has raised $24 million. $14 million has been spent to oppose her. $13 million has been spent to support her, $10 million of which is from the crypto industry. Mike Rogers (R) has raised $5.4 million. $20 million has been spent to oppose him. $13 million has been spent to support him.

Crypto super PACs have contributed another $3.1 million to support Elissa Slotkin (Democrat running for Michigan Senate).

She has received $10 million from them so far, the second largest contribution to a single candidate (behind Bernie Moreno in Ohio).

followthecrypto.org/elections/MI-S

Money involved in this election Sherrod Brown (Democrat) has raised $53 million; $3 million in outside spending has gone to support him; $24 million in outside spending has been spent to oppose him Bernie Moreno (Republican) has raised $16 million; $36 million in outside spending has gone to support him ($27 million from the crypto industry); $19 million in outside spending has been spent to oppose him

A cryptocurrency-focused super PAC has just spent another $7.6 million to support Republican Bernie Moreno in his Ohio Senate race against Democratic incumbent Sherrod Brown. This PAC has poured $27 million into backing Moreno in the last month.

www.followthecrypto.org/elections/OH-S

Follow the Crypto Follow the cryptocurrency industry’s influence on 2024 elections in the United States.

See all of the crypto industry super PAC spending at followthecrypto.org

• Another $1.88M to support Yadira Caraveo (Dem running for a House seat in Colorado District 8), totaling $1.95M so far
• Another $912K to support Zach Nunn (Rep running for a House seat in Iowa District 3), totaling $985K so far

• $3.2M to support Elissa Slotkin (Dem running for MI Senate)
• $2.28M to support Don Davis (Dem running for a House seat in NC District 8)
• $1.9M to support Mary Peltola (Dem running for the Alaska House seat)

Some more big spending coming out of the crypto industry recently:

• Another $7.6M to support Bernie Moreno (Republican candidate for Ohio Senate), totaling $19.6M in support thus far
• $3.5M to support Ruben Gallego (Dem running for AZ Senate)