Crypto PACs go undefeated in June primaries as Fairshake scores bipartisan winning streak

• Crypto-backed super PACs aligned with Fairshake saw all 11 of their endorsed candidates advance or win in Tuesday’s primaries, extending the industry’s recent electoral winning streak.
• The victories, spanning key races in California, New Jersey and South Dakota, highlight a strategy focused on cultivating new Democratic allies alongside some Republicans rather than relying solely on established crypto champions.
• Coming on the heels of multimillion-dollar wins in Texas and amid uncertainty over which party will control Congress, crypto groups are pursuing a bipartisan approach to preserve influence regardless of November’s outcome.

Crypto-backed super PACs swept Tuesday's primaries, with all 11 candidates supported by Fairshake affiliates advancing or winning their races, extending the industry's electoral winning streak while revealing a strategy increasingly focused on cultivating Democratic allies rather than backing established crypto champions.

The results spanned nine California congressional races, New Jersey's 8th District, and South Dakota's Senate primary. The roster included supporters of the Clarity Act, the GENIUS Act and blockchain developer protections, as well as candidates who signed pro-crypto pledges through Stand With Crypto.

Among the winners were California Democrats Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa, and George Whitesides, along with New Jersey Democrat Rob Menendez as well as South Dakota Republican Mike Rounds.

All this comes just a week after crypto-backed groups scored another series of victories in Texas, where Fairshake affiliates and other industry-backed PACs spent more than $9 million supporting candidates across both parties.

The most notable defeat in Texas was Rep. Al Green, a longtime crypto critic and House Financial Services Committee member who held an F rating from Stand With Crypto.

With Polymarket bettors divided on which party will control Congress after November, crypto groups have increasingly pursued a bipartisan strategy, seeking to ensure they retain influence regardless of whether Democrats, Republicans, or a split government emerges from the midterms.

• A new political action committee called Defend Developers has been established, joining the ranks of other crypto PACs such as Fairshake.
• This one will focus on giving to incumbent politicians who already support establishing legal protections for crypto developers and decentralized finance.

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