On February 13, news reports indicate that the political lobbying efforts of the cryptocurrency industry are accelerating their involvement in the U.S. election process. The super PAC supporting the digital asset industry, Protect Progress, announced it will spend $1.5 million on advertisements in the Texas Democratic primary to oppose longtime Congressman Al Green, citing his longstanding anti-crypto stance and repeated obstruction of related legislation in Congress.
Protect Progress is affiliated with the large crypto political organization Fairshake. In a statement, the organization said that Al Green, as a member of the Financial Services Committee, opposed the stablecoin regulation bill GENIUS Act and the market structure reform bill CLARITY Act, and is viewed as a key figure hindering American financial innovation. He has represented Texas’s Ninth District since 2005 and has served in Congress for over twenty years.
Crypto advocacy group Stand With Crypto, based on voting records and public statements, rated Al Green as “strongly anti-cryptocurrency,” while his opponent, Houston-area candidate Christian Menefee, was rated as “strongly pro-cryptocurrency.” Menefee stated that he aims to promote blockchain applications in public sectors such as property registration and fraud prevention to enhance government transparency.
This move is seen as a significant strategic step by the crypto industry ahead of the 2026 midterm elections. Data shows that during the 2024 general election, Fairshake alone invested about $130 million to support pro-crypto candidates, making the industry one of the largest financial backers in U.S. politics. According to the latest disclosures, the organization has already raised $193 million for a new round of elections this year.
In addition to Texas, its affiliated organization, Defend American Jobs, also announced a $5 million investment to support pro-crypto candidate Barry Moore for the U.S. Senate. Analysts believe that as regulatory policies become a focal point, the crypto industry is reshaping the legislative environment through political channels, which will also have a more direct impact on the future direction of U.S. digital asset policies.
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
The U.S. Department of Defense appoints former DOGE official Gavin Kliger as Chief Data Officer, responsible for AI project coordination and execution.
Gate News Announcement: On March 7, the U.S. Department of Defense announced the appointment of computer scientist Gavin Kliger as Chief Data Officer. Gavin Kliger previously assisted billionaire Elon Musk in pushing for U.S. government reforms and served as a DOGE official. The new position will place him at the heart of the Department of Defense's most ambitious artificial intelligence initiatives, primarily responsible for the daily coordination and execution of departmental AI projects, and working directly with leading U.S. AI laboratories to support combat personnel.
GateNews1h ago
Trump: Iran will face a heavy blow today
Trump announced on March 7 that Iran has apologized to and surrendered to its Middle Eastern neighbors, a result of strikes by the United States and Israel. Trump stated that Iran is no longer a "Middle Eastern bully" and warned that it could face even greater blows in the future.
GateNews1h ago
Next week, the US will release February CPI and January PCE data, and the market is focused on stagflation risks.
The worsening situation in Iran has led to market volatility, and the Federal Reserve is facing dual pressures from inflation and employment. Several important economic data releases are scheduled for next week, with a focus on the impact of core CPI and PCE on the US dollar and gold. Meanwhile, Oracle will release its earnings report on Tuesday.
GateNews1h ago
Iran's Minister of Economy announces that the stock exchange is temporarily closed, with the reopening date to be determined.
Gate News Report, March 7 - Iran Tasnim News Agency reports that Iran's Minister of Economy announced that the Iran Securities Exchange (Iran Stock Market) will be temporarily closed until further notice. The specific reason for the closure and the expected reopening time have not yet been announced.
GateNews3h ago
Xinhua News Agency: Middle East conflict impacts Asia-Pacific economy, South Korea's stock index plunges over 12% in a single day, multiple countries activate emergency plans
On March 7th, Xinhua News Agency reported that the conflict between the United States, Israel, and Iran is affecting the Asia-Pacific region, leading to economic uncertainty and an energy security crisis. Multiple countries are calling for a halt to military actions. Southeast Asia faces trade disruptions and rising energy costs, with 64% of Malaysian companies affected. The IMF warns that the conflict will impact the global economy. Countries are actively responding, with ASEAN calling for a ceasefire and China intensifying diplomatic efforts.
GateNews4h ago
