Fairshake, the crypto PAC, won four of five primary races it backed—but lost a $2M spend.
The PAC spent $3.6M across House and Senate races in Alaska, Florida, and Wyoming. A spokesperson claims they're "just getting started." Yet in Florida's 24th, $2M in negative ads against Oliver Gilbert failed to stop him. He won the Democratic primary with 34.4% of the vote.
Our read: the crypto lobby can win races, but it can't buy them. There's a ceiling on how much money moves a vote, especially when the target calls out "Trump's tech billionaire buddies" and "crypto con artists." This changes the playbook for Fairshake's $193M war chest.
Is the money better spent elsewhere, or does this just mean more of it? $BTC
The PAC spent $3.6M across House and Senate races in Alaska, Florida, and Wyoming. A spokesperson claims they're "just getting started." Yet in Florida's 24th, $2M in negative ads against Oliver Gilbert failed to stop him. He won the Democratic primary with 34.4% of the vote.
Our read: the crypto lobby can win races, but it can't buy them. There's a ceiling on how much money moves a vote, especially when the target calls out "Trump's tech billionaire buddies" and "crypto con artists." This changes the playbook for Fairshake's $193M war chest.
Is the money better spent elsewhere, or does this just mean more of it? $BTC