Crypto-backed political action committees have begun pouring significant funds into competitive midterm primary elections in the U.S. to shape the House of Representatives in favor of digital asset policies.
Super PAC Protect Progress — linked to the crypto advocacy group Fairshake — announced it will spend $1.5 million to oppose Representative Al Green in the upcoming Democratic primary in Texas. The campaign will focus on advertising and voter outreach.
The group claims that Green has repeatedly voted against crypto market structure bills and stablecoin legislation, and supports maintaining SEC’s SAB 121 accounting guidance — regulations that limit banks from holding digital asset custody.
Green, a member of the House Financial Services Committee since 2005, has long held skeptical views on crypto. His primary opponent is Christian Menefee — who has received positive evaluations from some crypto industry advocacy organizations.
According to earlier reports, Fairshake and affiliated PACs hold approximately $193 million in cash, with major funding sources including Coinbase, Ripple, and the Andreessen Horowitz investment fund, and are expected to continue heavy spending for the 2026 midterm elections.
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