What You Need to Know
- Two Florida seats are now available for special elections, and the Fairshake PAC is launching ad campaigns for its chosen candidates.
- Both Republican seats were left vacant due to Donald Trump's nominations, including the resignation of Matt Gaetz amid controversy related to a congressional ethics investigation.
Crypto's primary political action committee, Fairshake, has initiated significant financial efforts to support its candidates in the Florida special elections.
The committee is investing substantial sums through its affiliate, Defend American Jobs, aiming to influence the tightly contested House of Representatives.
- Gaetz, once a favored nominee for U.S. Attorney General under Trump, stepped down under pressure from ongoing investigations.
Trump's new choice for the seat is Jimmy Patronis, who is reportedly leading in the special election with an influx of support from Fairshake. Similarly, the PAC has allocated funds to assist state Senator Randy Fine, indicating a strategic focus on pro-crypto representation in Congress.
Fairshake's past success in congressional elections has demonstrated the power of cryptocurrency-backed political financing, with significant investments reported ahead of the upcoming election cycle.
"We are keeping our foot on the gas," said Fairshake spokesman Josh Vlasto, highlighting their continued commitment to political contributions in the crypto sector.
Read More: Crypto Cash Fueled 53 Members of the Next U.S. Congress
