Lookonchain APP

App Store

Pro-Crypto Democratic Lawmaker Menefee Defeats Anti-Crypto Lawmaker Al Green, PAC Provides Millions in Support

2026.05.27 11:17:20

May 27 – Pro-cryptocurrency Democratic candidate Christian Menefee has defeated 20-year incumbent Al Green in the Democratic primary runoff for Texas’ 18th U.S. House District, flipping a seat long controlled by Green, a vocal critic of the crypto sector. Crypto industry-backed Super PAC Fairshake’s affiliate Protect Progress poured millions of dollars into the race to support Menefee and oppose Green. A Fairshake spokesperson framed Green’s loss as a clear signal that anti-crypto stances carry real political consequences. Public records outline the candidates’ divergent views: Menefee backs blockchain technology, arguing it has the potential to boost transparency and efficiency in finance and supply chains. He holds an “A” rating from crypto advocacy group Stand With Crypto. By contrast, Green has previously opposed the GENIUS Stablecoin Act and Clarity Act, and warned cryptocurrencies could erode the U.S. dollar’s global standing, earning an “F” rating from Stand With Crypto. Data shows Fairshake and its affiliated organizations raised over $395 million across the 2024 and 2026 election cycles, with major funding coming from leading crypto players including Coinbase, Ripple, and Andreessen Horowitz.
Relevant content

Institutional Report: NVIDIA’s 800V High-Voltage DC Power Rack Expected to Ship in Q3

According to a report from leading tech industry consulting firm TrendForce, NVIDIA is developing an 800V high-voltage direct current (HVDC) power rack, scheduled to ship in the third quarter of 2026 as an optional configuration for its Vera Rubin platform. The report notes that power consumption for the Rubin Ultra generation of racks will surge to approximately 660kW, while the next-generation air-cooling system will reach 1.2–1.3MW. It adds that 800V power supplies will see significant widespread adoption after the second half of 2027. Notably, the report does not mention any specific stock names, but based on prior public information, companies including Vertiv and Eaton have confirmed partnerships with NVIDIA to advance the design of the 800VDC platform.

11 minutes ago

PeckShield: Gnosis' official X account is suspected to have been hacked.

According to PeckShield's monitoring, community members reported that Gnosis' X (formerly Twitter) account has been compromised. Do not interact with this account or click any links posted by it.

11 minutes ago

BlackRock deposits 2,400 BTC with Coinbase.

According to monitoring by Onchain Lens, BlackRock has just deposited 2,400 BTC (valued at approximately $147.6 million) into Coinbase, and may continue transferring more Bitcoin.

11 minutes ago

Morgan Stanley raises Micron's price target from $1,050 to $1,200

Morgan Stanley said it raised Micron Technology (MU.O)’s price target from $1,050.00 to $1,200.00, upgraded Qualcomm (QCOM.O)’s rating from "Underweight" to "Neutral" and lifted its price target from $146.00 to $231.00.

11 minutes ago

SpaceX’s US-traded shares rose more than 5% in pre-market trading.

According to Bitget's market data, SpaceX's pre-market US stock price rose 5.25%, currently trading at $162.66.

11 minutes ago

Oman's Foreign Minister: Future arrangements for the Strait of Hormuz do not involve passage fees.

According to Oman's state news agency, Oman's Foreign Minister stated that future arrangements for the Strait of Hormuz will not involve transit fees.

11 minutes ago