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A crypto-funded super PAC has begun intervening in Democratic House primaries in Illinois, targeting candidates who previously supported state-level digital asset regulations, according to campaign filings reviewed this week.
Political advertising inquiry forms submitted to Chicago television station WGN9 show that Fairshake has booked ads tied to Illinois’ 7th Congressional District, naming state Rep. La Shawn Ford, who is running in a crowded Democratic primary. 
The filings list Fairshake as the sponsor and reference national policy issues, including jobs and the economy, confirming the group’s direct involvement in the race.
The development was first reported by Politico, which said Fairshake is preparing seven-figure ad buys in multiple Illinois Democratic primaries as part of its early 2026 election strategy.
Filings confirm early primary intervention
The WGN9 inquiry forms, dated mid-February, provide documentary evidence that Fairshake is moving ahead of the general election cycle, placing advertising during the primary phase rather than waiting until November. 

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While the documents do not specify whether the ads are positive or negative, they establish that Fairshake is actively targeting candidates based on prior legislative records.

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Ford is listed by Stand With Crypto as “somewhat against” the industry, a rating tied to his vote on Illinois’ SB 1797, a state law passed in August 2025 that imposed new compliance and consumer-protection requirements on digital asset firms.
State crypto votes become federal liabilities
Politico reported that Fairshake is also targeting Illinois state Sen. Robert Peters, another Democratic candidate who backed the same state-level legislation and is running for an open House seat. 
In a statement cited by the outlet, Fairshake said lawmakers who supported what it called “draconian rules” risk undermining U.S. competitiveness by encouraging a patchwork of state-by-state regulation.
Taken together, the filings and reported ad commitments suggest that votes on state crypto bills are increasingly being used as a filter for federal office, particularly in Democratic primaries where crypto policy has become a point of differentiation.
Part of a broader national push
The Illinois ad buys form part of a wider effort by Fairshake to shape the 2026 congressional map. 
Politico previously reported that the super PAC plans to spend $1.5 million against Rep. Al Green [D-Texas], a vocal industry critic, while backing pro-crypto candidates in other races.
Fairshake is funded primarily by major crypto industry players, including Coinbase, Ripple, and Andreessen Horowitz. The group has disclosed a war chest of roughly $190 million heading into the 2026 cycle.
The timing of the Illinois intervention coincides with renewed efforts in Washington to pass a comprehensive federal framework for digital assets, amid ongoing disputes over whether oversight should sit primarily at the state or federal level.
Final Summary
Fairshake’s Illinois ad buys show how state-level crypto votes are increasingly shaping federal primary races.The filings signal a shift toward earlier, more targeted political enforcement as the industry pushes for national crypto legislation.
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#US #MarketRebound #GOLD_UPDATE
💱 Foreign exchange and commodities | U.S. dollar positions were extreme, gold was under pressure, oil prices fell

• EURUSD around 1.1844 (slightly weaker than before)
• Market position level: Bank of America survey-the US dollar was historically underweight crowded short positions, which made the exchange rate very sensitive to data and risk appetite
• Crude oil fell slightly (weak state around -0.3%)
• Gold continued to be under pressure, but still fluctuated around key psychological levels (around $4,920)
• Silver was also weak

➡️ Interpretation:
At present, the dominance of commodities is not the "single factor of supply and demand", but:
• Valuation support brought about by falling interest rates vs. US dollar and changes in risk appetite;
• The "cooling signal" released by the US-Iran negotiations will suppress part of the safe-haven premium, but the military deployment in the Middle East makes it difficult for the risk premium to completely disappear.