Crypto-backed PACs spend $2 million on Michigan primaries, double prior week’s outlay
Crypto-backed PACs spent $2 million on Michigan’s primary, doubling last week’s total. 滋 Ripple Labs and Coinbase funded the campaigns to support Shri Thanedar and oppose Donavan McKinney in $TRUMP-related races. Protect Progress and Fairshake are rapidly increasing political ad spending across multiple states. ⚡ Crypto industry groups are among the top financial players in the 2026 US election cycle.
Crypto-backed PACs spent $2 million on Michigan’s primary, doubling last week’s total. 滋 Ripple Labs and Coinbase funded the campaigns to support Shri Thanedar and oppose Donavan McKinney in $TRUMP-related races. Protect Progress and Fairshake are rapidly increasing political ad spending across multiple states. ⚡ Crypto industry groups are among the top financial players in the 2026 US election cycle.
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Increased political spending by crypto-backed PACs, including Ripple, signals growing influence and potential regulatory support for the crypto industry.
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