The Fairshake PAC, affiliated with the crypto industry, has invested $1 million in the special election for the Democratic candidate James Walkinshaw in Virginia to replace the deceased Representative Gerald Connolly. Although Connolly was critical of crypto interests, Walkinshaw's campaign highlights the potential benefits of blockchain technology, asserting that it can lower administrative costs and fees for consumers. The general election is scheduled for September 9, where Walkinshaw holds a significant advantage due to his party's strong historical performance in the district. Fairshake, which has gained prominence in crypto political funding since the 2024 elections, continues to support candidates by making sizable independent expenditures, emphasizing the importance of innovation in technology. The PAC, along with its affiliated groups, possesses around $116 million ahead of the 2026 elections, with current Congress members they supported advancing major crypto legislation this year. Fairshake's campaigns typically refrain from directly mentioning digital assets, instead focusing on general political topics that resonate with voters.

Source šŸ”—