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Crypto Industry Tries to Tally Final Wins As U.S. Congressional Primaries Wind Down

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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

In the final stretch of several U.S. congressional primaries, crypto-backed campaign-finance efforts are trying to add to their lists of friendly members of Congress.

Support for one Arizona Democrat may be paying off, with the Yassamin Ansari's race moving to a recount with her still holding a 42-vote lead. The political action committees backed by crypto firms have waged a $1.4 million ad campaign against Rep. Cori Bush , one of the standout progressives in the U.S. House of Representatives who advocacy group Stand With Crypto hason digital assets issues. And the PACs have recently dropped $1.5 million into Washington state's 6th Congressional District to support Democrat Emily Randall, according to a filing with the Federal Election Commission.

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