Crypto PACs Sweep June Primaries as Fairshake Extends Streak

What to know: Crypto-backed super PACs aligned with Fairshake saw all 11 of their endorsed candidates advance or win in Tuesday's primaries, extending the industry's recent electoral winning streak. The victories, which spanned key races in California, New Jersey and South Dakota, highlight a strategy focused on cultivating new Democratic allies alongside some Republicans rather than leaning solely on established crypto champions. Coming on the heels of multimillion-dollar wins in Texas and amid uncertainty over which party will control Congress, crypto groups are pursuing a bipartisan approach designed to preserve influence regardless of November's outcome.

Crypto-backed super PACs swept Tuesday's primaries, with all 11 candidates backed by Fairshake affiliates advancing or winning their races. The wins extended the industry's electoral streak while exposing a strategy that increasingly courts Democratic allies instead of recycling the usual crypto champions. The results covered nine California congressional races, New Jersey's 8th District and South Dakota's Senate primary.

The roster included supporters of the Clarity Act, the GENIUS Act and blockchain developer protections, plus candidates who signed pro-crypto pledges through Stand With Crypto. Among the winners were California Democrats Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa and George Whitesides, New Jersey Democrat Rob Menendez and South Dakota Republican Mike Rounds. With Democrats accounting for 10 of the 11 victories, the bipartisan play looks less like ideology and more like optionality.

All this comes just a week after crypto-backed groups scored another round of victories in Texas, where Fairshake affiliates and other industry-backed PACs spent more than $9 million supporting candidates across both parties. The most notable defeat in Texas was Rep. Al Green, a longtime crypto critic and House Financial Services Committee member who carried an F rating from Stand With Crypto — a score that, in a system where passing is already rare, still manages to stand out.

With Polymarket bettors split on which party will control Congress after November, crypto groups have leaned into a bipartisan strategy, aiming to retain influence whether Democrats, Republicans or a split government emerges from the midterms. A hedge even the most cautious DeFi depositor could appreciate.