Crypto PAC's $12 million Senate candidate, Barry Moore, wins Alabama GOP primary
CoinDesk 2026-06-17 05:38:27
Context: Barry Moore, a Trump loyalist and candidate for the U.S. Senate, won the Alabama GOP primary after receiving significant financial backing from a cryptocurrency political action committee (PAC). The crypto PAC poured $12 million into Moore's campaign, making him the recipient of the largest amount of crypto dollars in this year's midterm elections. This victory marks a significant win for the cryptocurrency industry's political arm.
Key Facts
- Barry Moore, a Trump loyalist, won the Alabama GOP primary for the U.S. Senate after receiving $12 million in funding from a cryptocurrency political action committee (PAC).
- The $12 million in funding from the crypto PAC represents the largest amount of cryptocurrency dollars received by any candidate in this year's midterm elections.
- Moore's victory in the Alabama GOP primary is seen as a big win for the cryptocurrency industry's political arm, which has been actively seeking to influence elections.
- The cryptocurrency PAC's significant investment in Moore's campaign highlights the industry's growing efforts to exert its influence in politics through financial contributions.