Crypto-Backed Candidates Secure Major Wins in U.S. Senate Races

In the latest U.S. elections, several crypto-backed political action committees (PACs) focused on congressional races rather than backing presidential candidates.

Despite this, some new faces entering Washington in January owe their success to crypto industry support.

Jim Justice, the newly elected senator from West Virginia, secured about 68% of the vote, with the crypto PAC Defend American Jobs investing over $3 million to back him. Justice has expressed his support for a balanced crypto market structure that fosters innovation while safeguarding investors.

In Texas, Julie Johnson triumphed over Republican Darrell Day for the state’s 32nd House district, with Protect Progress contributing nearly $1 million to her campaign. Johnson has voiced her commitment to creating clear regulations to help the crypto industry thrive for the benefit of Americans.

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Republican Bernie Moreno’s narrow victory over Senator Sherrod Brown in Ohio also marked a crypto-friendly win, with Defend American Jobs backing Moreno with more than $34 million. Moreno’s stance on crypto contrasts sharply with Brown’s, who has been critical of certain crypto regulations.

Democrat Adam Schiff, set to move from the House to the Senate, also received significant crypto backing, with Fairshake PAC spending over $10 million in his primary race. Schiff holds an A rating from Stand With Crypto and has backed the Financial Innovation and Technology for the 21st Century Act, although he, like Brown, did not support overturning the SEC’s SAB 121 accounting rule.

Meanwhile, John Curtis will be vacating his House seat for a Senate position after defeating Caroline Gleich. Curtis’s crypto alignment is evident through his co-sponsorship of bills such as the FIT21 and the Anti-CBDC Surveillance Act. Defend American Jobs PAC contributed $1.9 million to his campaign.

Alexander Zdravkov