Crypto journalist Eleanor Terrett reported that pro-crypto Democratic Congressman Christian Menefee defeated long-serving incumbent Al Green in the TX-18 Democratic primary runoff. During this election, super PACs backed by the crypto industry invested millions of dollars, with Fairshake and its affiliated organizations contributing approximately $6.5 million, primarily in support of Menefee and partially to oppose Green. Previously, Green received an “F” rating from Stand With Crypto due to his opposition to legislation such as the GENIUS Act and the Clarity Act. Fairshake stated it will continue actively supporting leaders like Menefee across the United States.
Fairshake and affiliated groups spent $6.5 million to support Menefee's election victory.
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Summary
Pro-cryptocurrency candidate Christian Menefee won the TX-18 Democratic primary runoff, defeating 20-year incumbent Al Green. Super PACs such as Fairshake spent $6.5 million to support Menefee and oppose Green, who received an 'F' rating from Stand With Crypto. Fairshake stated it will back leaders like Menefee across the country. Altcoins to watch may see increased momentum as support for crypto-friendly candidates continues to grow.
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