50 days until US election, crypto Super PAC pours $7.8M into Senate races
Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.
The Protect Progress political action committee (PAC) has spent roughly $7.8 million to support Democratic candidates for the United States Senate races in Arizona and Michigan.
According to a Sept. 14 filing with the Federal Election Commission, the Super PAC spent roughly $4.1 million on a media buy for Arizona Representative Ruben Gallego, who is running to represent the state in the US Senate starting in 2025. Protect Progress also reported spending more than $3.7 million on a media buy for Representative Elissa Slotkin for a US Senate seat in Michigan.
Protect Progress, an affiliate of the crypto-backed Super PACs Fairshake and Defend American Jobs, has spent more than $6.9 million to support Rep. Slotkin’s 2024 run and more than $7.6 million on Rep. Gallego’s race. The three PACs combined have poured millions into supporting and opposing congressional candidates in primary and general elections.
Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.
The Protect Progress political action committee (PAC) has spent roughly $7.8 million to support Democratic candidates for the United States Senate races in Arizona and Michigan.According to a Sept. 14 filing with the Federal Election Commission, the Super PAC spent roughly $4.1 million on a media buy for Arizona Representative Ruben Gallego, who is running to represent the state in the US Senate starting in 2025. Protect Progress also reported spending more than $3.7 million on a media buy for Representative Elissa Slotkin for a US Senate seat in Michigan.Protect Progress, an affiliate of the crypto-backed Super PACs Fairshake and Defend American Jobs, has spent more than $6.9 million to support Rep. Slotkin’s 2024 run and more than $7.6 million on Rep. Gallego’s race. The three PACs combined have poured millions into supporting and opposing congressional candidates in primary and general elections.Read more Â