Crypto PACs Score Major Texas Primary Victories Across Parties

TLDR

• Crypto PACs spent more than $9 million during the Texas primary election cycle.
• Christian Menefee defeated Representative Al Green in Texas’s 18th Congressional District runoff.
• Fairshake said crypto-related policy positions played a role in the Texas race outcomes.
• Ken Paxton received financial support from the crypto-focused Fellowship PAC during the Senate primary.
• Defend American Jobs backed four Republican candidates who later won their runoff races.

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Crypto-focused political action committees expanded their presence in Texas politics this week after industry-backed candidates secured several victories in Tuesday’s primary races. The latest contests showed how crypto PACs are increasing campaign spending across both parties ahead of the 2026 midterm elections.

Industry groups connected to the digital asset sector spent more than $9 million during the Texas primary cycle. The spending targeted congressional and state-level races where low-turnout runoffs created opportunities for outside political organizations to influence outcomes.

Crypto PACs Back Candidates Across Both Parties

Houston Democrat Christian Menefee defeated Democratic Representative Al Green in the runoff for Texas’s 18th Congressional District. The race followed Republican-led redistricting that reshaped Green’s longtime district and forced two incumbents into the same contest.

Green, a member of the House Financial Services Committee, had faced criticism from several crypto advocacy organizations because of his opposition to some digital asset legislation. Crypto advocacy group Stand With Crypto previously gave Green an “F” rating after he raised concerns about cryptocurrency and its effect on the United States financial system.

The Texas contest added another example of crypto PACs supporting candidates from both major parties. Fairshake’s affiliated groups, Defend American Jobs and Protect Progress, supported Republican and Democratic candidates in separate races during the primary cycle.

Republican Senate Race Draws Crypto Support

Texas Attorney General Ken Paxton defeated longtime Senator John Cornyn in the Republican Senate primary. Paxton also received support from the crypto-focused Fellowship PAC, which spent approximately $500,000 backing his campaign.

The Senate race became one of the highest-profile contests tied to crypto industry funding in Texas this year. Political committees linked to digital asset companies and investors continued directing resources toward candidates viewed as more favorable to cryptocurrency regulation and blockchain development.

The growing financial involvement from crypto PACs comes as lawmakers in Washington continue debating legislation tied to stablecoins, digital asset oversight, and market structure rules. Industry-backed organizations have increased campaign activity during recent election cycles as crypto regulation remains a major issue for the sector.

Defend American Jobs Expands Texas Spending

Defend American Jobs spent nearly $1.8 million supporting four Republican candidates in separate runoff races. The organization backed Jon Bonck, Tom Sell, Carlos De La Cruz, and Alex Mealer during the Texas primary contests.

Campaign finance data showed the largest individual spending amount went toward supporting De La Cruz, while the remaining funds were distributed across the other Republican candidates. All four candidates won their runoff races.

Many of the targeted races involved lower voter turnout, which often allows outside political spending to carry greater influence. The crypto-backed groups focused on contests where the eventual Republican nominee is expected to enter the November election with a stronger position.

Tuesday’s Texas results showed crypto PACs building a larger political network before the 2026 midterm elections. The industry continues to increase campaign spending as digital asset regulation remains part of the national political discussion.

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