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CryptoPAC Spends $10 Million to Unseat 20-Year Anti-Crypto Congressman, Boosts Newcomer Menefee

1 hours ago

May 27 — Crypto journalist Eleanor Terrett is reporting that in Texas’ 18th Congressional District Democratic primary runoff, first-time candidate Menefee has unseated 20-year incumbent Al Green. The crypto industry’s leading super PAC Fairshake and its affiliates poured roughly $10.5 million into Menefee’s campaign: $6.5 million to back his bid directly, and an additional $4 million focused on opposing Green. Green, who voted against pro-crypto legislation such as the GENIUS Act and CLARITY Act, received an “F” rating from crypto advocacy group Stand With Crypto’s scorecard. This marks the first Democratic incumbent congressman to lose their seat this election cycle over an anti-crypto stance. In a post-election statement, Fairshake stated bluntly: “Congressman Green’s defeat proves that hostility toward crypto will have tangible electoral consequences. Fairshake was a key factor in this campaign, and we will continue to strongly support leaders like Congressman Menefee nationwide.”
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