Two republican candidates supported by at least $ 1.5 million in media spending by a political action committee supported by cryptocurrencies (CAP) launch final pleads to voters for special elections in the districts of the Florida Congress.
On April 1, voters of the 1st and 6th districts of the Florida Congress will go to the polls to decide to keep republican representatives or to put control to the Democrats for the first time in about 30 years. The defense of American jobs PAC – a subsidiary of Fairshake, which paid more than $ 131 million to the US electoral cycle of 2024 – spent $ 1.5 million for the media for the Republicans Jimmy Patronis and Randy Fine, running against the Gay Democrats Valimont and Josh Weil, respectively.
Source: Gay Valimont for Congress
Although the districts of the Florida Congress historically favored Republican candidates, the Democrats Valimont and Weil both collected much more than patronis and fine in March – one declared about 6.5 million dollars and $ 10 million against the 1 million and $ 1 million from the Republicans. These amounts do not reflect PAC media purchases like Defend American Jobs or America PAC of CEO of Tesla, CEO Elon Musk, who spent more than $ 20,000 to send services to the two elections in Congress.
On March 31, there were four vacant seats in the House of Representatives of the United States following two Democratic legislators who die and two Republicans resigning in anticipation of posts with the Trump administration. If the Democrats were to keep their two existing seats and return the two to Florida, the majority of the Republicans in the Chamber closed at 217 to 218 – not changing control of the majority, but probably influencing the way in which the Chamber would consider legislation and politics.
Among the legislation linked to cryptocurrency at Congress included a bill on market structure and the regulation of stablescoin. Some legislators suggested that they intended to adopt the two bills before the congress was in recess in August.
In relation: Florida’s bill offers strict rules against online game
The representative of Michigan, Shri Thanedar, a democrat who described himself as largely self-funded and may have benefited from the money of the CAP supported by the crypto in its race in 2024, spoke at Cointelegraph on March 27 on the role that industry could have on future elections.
Protect Progress – Another PAC affiliated with Fairshake – spent more than a million dollars on the purchase of media to support the Michigan representative in his August 2024 primary. He beat the Republican Martell Bivings in November with 68% of the vote.
“I was surprised to see these advertisements,” Thanedar told Cointelegraph, referring to the protection of the protection of protection. “I did not know that such an announcement would appear in support of my campaign.”
The Michigan legislator added:
“The crypto is not unique to that. There are several industries […] Who have CAPs and super heat pumps and independent expenses. All this money, the dark money of our policy, must go. As long as we have dark money in politics, it will have an impact on our politicians. »»
Looking at the middle of 2026
After many democratic and republican candidates marrying “pro-Crypto” opinions were won in the 2024 elections, Fairshake spokesperson Josh Vlasto, said the CAP “maintained [its] Foot on gas ”in the future. Large companies like Coinbase and Ripple Labs have contributed tens of millions of dollars to the CAP.
In January, Fairshake said he owned more than $ 116 million to spend on candidates in 2025 and 2026. Vlasto refused to comment on the special elections on April 1, but said that after the primaries of January, the CAP was “proud to support [Patronis and Fine] with television advertising campaigns. »»
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