Back|Crypto-Backed PACs Secure 6 Primary Wins in Texas, Set Sights on June 2 Contests

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Cointelegraph·27.05.2026·Política

Crypto-Backed PACs Secure 6 Primary Wins in Texas, Set Sights on June 2 Contests

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#cryptoPACs#USPrimaries#TexasElections#FairshakePAC#KatiePorter

Cointelegraph

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Crypto-backed PACs secured six primary wins in Texas, spending over $10 million. Fairshake PAC, with a $193 million war chest, vows to support pro-crypto leaders in the 2026 midterms. ...

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This article was originally published by Cointelegraph.

US Treasury Secretary Scott Bessent announced the department is rapidly establishing a strategic Bitcoin reserve and digital asset stockpile, fulfilling a directive from President Trump. The US currently holds over 328,000 BTC, valued at $215 billion. Bessent also expressed support for the CLARITY Act, aiming for Senate passage this summer.

US Treasury Pushing for Strategic Bitcoin Reserve, Digital Asset Stockpile

US Treasury Secretary Scott Bessent confirmed the department is actively working to establish a strategic Bitcoin reserve and digital asset stockpile, fulfilling a 2025 executive order from President Trump. The US currently holds over 328,000 BTC.

Crypto PACs Spend Millions to Back Candidates in US Primaries

Cryptocurrency industry-backed PACs, including Fairshake, spent millions supporting candidates in recent primaries across California, New Jersey, and South Dakota. A new PAC, Defend Developers, also launched to champion crypto builders.

Stripe Co-Founder Saikat Chakrabarti Loses Congressional Bid in California

Stripe co-founder Saikat Chakrabarti lost his bid for a California congressional seat, failing to advance against candidates backed by Ripple's Chris Larsen. Chakrabarti, a progressive who criticized "tech oligarchs and crypto billionaires," spent nearly $10 million of his own money.

UK Financial Regulator Warns Football Clubs on Risky Crypto Sponsorships

The UK's Financial Conduct Authority (FCA) has warned football clubs, including Premier League teams, against sponsorship deals with unauthorized crypto and trading firms, citing risks to fans and potential legal liabilities for clubs.

House of Lords Committee Urges Bank of England to Rethink Stablecoin Caps

A UK House of Lords committee has advised the Bank of England to reconsider proposed stablecoin caps and reserve requirements, arguing they could stifle the development of a pound-denominated stablecoin market before it even begins.

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Crypto-Backed PACs Secure 6 Primary Wins in Texas, Set Sights on June 2 Contests

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