Fairshake-linked PAC spends over $986,000 in Michigan Democratic primary

Odaily Planet Daily News: According to filings submitted to the U.S. Federal Election Commission (FEC), Protect Progress PAC, an affiliated organization of the cryptocurrency-related political action committee Fairshake, has spent over $986,000 to support Democratic incumbent Representative Shri Thanedar in Michigan’s 13th Congressional District and oppose challenger Donavan McKinney. These expenditures occurred two weeks before the Democratic primary on August 4, which determined the candidate for the November general election. In 2024, Protect Progress PAC spent approximately $1 million supporting Thanedar; he received 54.9% of the vote in the Democratic primary and 68.6% in the November election. Fairshake and its affiliated organizations report having $191 million in reserves available to influence key elections. Other crypto industry-related political action committees include Fellowship, backed by Cantor Fitzgerald and Anchorage Digital, and the Blockchain Leadership Fund, supported by Anchorage and Chainlink Labs. Protect Progress PAC has also spent over $100,000 to support Arizona Representative Greg Stanton’s re-election. Defend American Jobs PAC has spent over $65,000 to support Republican candidate Amanda McKinney in Washington’s 4th Congressional District.