Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls
Cointelegraph 2026-06-16 19:45:47
Context: A significant political action committee (PAC) focused on cryptocurrency, Fairshake, has made a substantial financial investment in the Senate primary runoff in Alabama. The PAC, along with its associated organizations, has spent millions of dollars in support of Republican candidate Barry Moore. Alabama voters are now heading to the polls for the runoff election.
Key Facts
- The crypto PAC, Fairshake, along with its associated organizations Defend American Jobs and others, has a $12 million stake in the Senate primary runoff in Alabama.
- Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary.
- An additional $4.7 million was spent by Defend American Jobs before Tuesday’s runoff elections to further support Moore’s campaign.
- The substantial financial investment by Fairshake and its affiliates highlights the growing influence of cryptocurrency interests in U.S. political campaigns.
- The Senate primary runoff in Alabama, where Barry Moore is a candidate, is taking place on Tuesday, following an initial primary on May 20.