According to Cointelegraph, in the Democratic primary for Michigan’s 13th Congressional District, incumbent Representative Shri Thanedar lost with 48.1% of the vote, while his opponent, Donavan McKinney, won with 51.9%. The crypto super PAC Protect Progress, affiliated with Fairshake, invested over $2 million to support Thanedar’s re-election, but was unable to alter the outcome. Thanedar previously voted in favor of the GENIUS Act and the CLARITY Act and allocated $3.7 million in campaign funds to crypto companies, resulting in losses exceeding $600,000 in the second quarter. Donavan McKinney will face Taras Nykoriak in the November general election.
Crypto Super PAC Spends $2 Million on Michigan Rep. Shri Thanedar, Still Loses Primary
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Summary
In the Democratic primary for Michigan’s 13th Congressional District, Rep. Shri Thanedar lost to Donovan McKinney, 48.1% to 51.9%. A crypto super PAC, Protect Progress, spent over $2 million supporting Thanedar. Despite crypto industry backing, the outcome remained unchanged. Thanedar supported the GENIUS and CLARITY Acts and invested $3.7 million in crypto companies, incurring a $600,000 loss in Q2. McKinney will face Taras Nykoriak in November.
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