Crypto-backed PACs launch major midterm primary spending push

Crypto-aligned political groups have begun deploying significant funds in competitive US midterm primary races, aiming to shape House membership around digital asset policy.

Super PAC Protect Progress, affiliated with crypto political group Fairshake, said it will spend $1.5 million to oppose Rep. Al Green in an upcoming Democratic primary in Texas. The effort will fund advertising and voter outreach, citing his repeated votes against crypto market structure and stablecoin legislation and his support for SEC accounting guidance SAB 121 on digital asset custody.

Green, a longtime member of the House Financial Services Committee, has been openly skeptical of crypto’s economic and regulatory impact. He is facing Democratic challenger Christian Menefee, who has received favorable ratings from crypto advocacy groups.

Fairshake and affiliated committees previously reported about $193 million in cash on hand, with major backing from firms including Coinbase, Ripple, and Andreessen Horowitz, signaling an aggressive industry strategy ahead of the 2026 midterms.