Cryptocurrency Super PAC Network to Support Florida Republican House Candidate

On March 22nd, according to Politico, a Super PAC network that is financed by the cryptocurrency industry is going to support two Republican candidates in Florida who will participate in the special election for the U.S. House of Representatives on April 1st. This network consists of Fairshake, Defend American Jobs, and Protect Progress. Specifically, Defend American Jobs will spend $1.2 million on ads to back Florida Senator Randy Fine. Fine had previously made a post on the X platform, stating that "Florida residents desire to witness crypto innovation" and calling for "clear regulatory regulations." The Super PAC will also allocate $345,000 to support Jimmy Patronis, who intends to run for the seat previously held by Congressman Matt Gaetz. Patronis had previously written to the Florida Retirement System, urging them to explore the possibility of investing a portion of state retirement funds in digital assets. Currently, there are 4 vacant seats in the U.S. House of Representatives, with two of them in Florida. If the Democratic Party secures all the seats, the Republican Party's majority in the House will be reduced to only one vote.