Illinois Primary: Crypto Industry Super PAC Fairshake Invests Over $13 Million in Multiple Election Races

GateNews

Gate News reports that the Illinois primary election on March 18th began releasing results on the evening of March 17th local time. The super political action committee Fairshake in the crypto industry invested over $13 million in the state election, nearly $10 million of which was used to oppose Lieutenant Governor Juliana Stratton’s bid for the Senate, with over $3 million spent on two campaigns supporting candidates who favor cryptocurrency consumer protection laws. The AI industry invested approximately $2.5 million in two House races.

In District 7, despite pro-Israel lobbying group AIPAC spending nearly $5 million and Fairshake investing close to $2.5 million, State Representative La Shawn Ford, who supports consumer protection laws, defeated his opponent to secure the nomination. In District 2, Cook County Commissioner Donna Miller, supported by AIPAC, defeated former Congressman Jesse Jackson Jr., who was backed by an AI industry PAC. In District 8, former Congresswoman Melissa Bean, supported by AIPAC and PACs from the crypto and AI industries, defeated progressive candidate Junaid Ahmed.

The Illinois primary involved five House seats and one Senate seat, with external groups investing over $50 million in total, of which more than $35 million was spent by groups related to AIPAC, the crypto industry, and the AI industry.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

White House Mediates Clarity Act Stablecoin Dispute, Witt Reveals Legislative Timeline

Patrick Witt announced at the Solana Policy Institute summit that the White House mediated a stablecoin dispute to advance the Clarity Act. The compromise allows banks and crypto firms to together address regulatory concerns, with future focus on crypto taxation and blockchain integration strategies among financial institutions.

GateNews19m ago

U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies

The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.

GateNews20m ago

Trump Says Iran-Related Progress Looking Very Positive; Nuclear Weapons Prevention Is Top Priority

U.S. President Donald Trump reported "very positive" developments concerning Iran, focusing on preventing the country from obtaining nuclear weapons, following recent favorable news.

GateNews3h ago

Economist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela

Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls in Venezuela. This system would complement the current auction system, allowing the excluded sector to receive dollars via blockchain rails. Key

Coinpedia4h ago

U.S. Treasury Issues General License 135 Authorizing Russian Crude Oil Transactions Through May 17

The U.S. Treasury's OFAC issued General License 135, permitting specific Russian energy transactions impacted by sanctions, allowing necessary deliveries and repairs for cargo loaded before April 17, with a deadline for completion by May 17.

GateNews5h ago

Sanctioned Exchange Grinex Hit by $13.7M Hack; Blames Foreign Intelligence Services

Grinex, a sanctioned crypto-ruble exchange, has halted operations due to a cyberattack that stole over $13.74 million in USDT. The attack is believed to involve state-level actors aiming to destabilize Russia's financial system. Grinex is cooperating with law enforcement but has no timeline for resuming services.

Coinpedia6h ago
Comment
0/400
No comments