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Follow the Crypto

@follow__crypto

Follow the cryptocurrency industry’s influence on 2024 elections in the United States. By @molly0xfff, creator of @web3isgreat.

followthecrypto.org/
Joined June 2024
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Democrat Elizabeth Warren has won re-election to the Massachusetts Senate, winning over longshot crypto candidate Republican John Deaton. Deaton received $1.7 million in backing from crypto industry, which also spent a bit over $400K to oppose Warren. followthecrypto.org/election…

Massachusetts Senate election | Follow the Crypto

Cryptocurrency industry spending to influence the Massachusetts Senate election.

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Republican Jim Justice has won his West Virginia Senate race, flipping the seat from retiring Democrat Joe Manchin. Justice was heavily favored to win. He received $3 million in crypto super PAC support in his primary race, but no support in the general. followthecrypto.org/election…
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Republican Jim Banks has won his Indiana Senate race, as the heavily favored candidate. He received $3 million in crypto super PAC support in his primary race, but no support in the general. followthecrypto.org/election…
Chart of spending in the Indiana Senate race. Jim Banks raised $6.8 million and $4 million was spent to support him. $3 million of it was from the crypto industry. Two Democratic opponents, Valerie McCray and Marc Carmichael, raised a little over $100K.

ALT Chart of spending in the Indiana Senate race. Jim Banks raised $6.8 million and $4 million was spent to support him. $3 million of it was from the crypto industry. Two Democratic opponents, Valerie McCray and Marc Carmichael, raised a little over $100K.

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Crypto super PACs have contributed another $3.1 million to support Elissa Slotkin (Democrat running for Michigan Senate). She has received $10 million from them so far, the second largest contribution to a single candidate (behind Bernie Moreno in Ohio). followthecrypto.org/election…
Spending in the Michigan Senate race. Elissa Slotkin (D) has raised $24 million. $14 million has been spent to oppose her. $13 million has been spent to support her, $10 million of which is from the crypto industry. Mike Rogers (R) has raised $5.4 million. $20 million has been spent to oppose him. $13 million has been spent to support him.

ALT Spending in the Michigan Senate race. Elissa Slotkin (D) has raised $24 million. $14 million has been spent to oppose her. $13 million has been spent to support her, $10 million of which is from the crypto industry. Mike Rogers (R) has raised $5.4 million. $20 million has been spent to oppose him. $13 million has been spent to support him.

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Other recent crypto PAC spending: • Almost $2 million to support Pat Ryan (Democrat running in NY District 18) • Almost $975,000 to support Angie Craig (Democrat running in MN District 2) • A little over $800,000 to support Eric Sorenson (Democrat running in IL District 17)
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A cryptocurrency-focused super PAC has just spent another $7.6 million to support Republican Bernie Moreno in his Ohio Senate race against Democratic incumbent Sherrod Brown. This PAC has poured $27 million into backing Moreno in the last month. followthecrypto.org/election…
Money involved in this election Sherrod Brown (Democrat) has raised $53 million; $3 million in outside spending has gone to support him; $24 million in outside spending has been spent to oppose him Bernie Moreno (Republican) has raised $16 million; $36 million in outside spending has gone to support him ($27 million from the crypto industry); $19 million in outside spending has been spent to oppose him

ALT Money involved in this election Sherrod Brown (Democrat) has raised $53 million; $3 million in outside spending has gone to support him; $24 million in outside spending has been spent to oppose him Bernie Moreno (Republican) has raised $16 million; $36 million in outside spending has gone to support him ($27 million from the crypto industry); $19 million in outside spending has been spent to oppose him

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Some more big spending coming out of the crypto industry recently: • Another $7.6M to support Bernie Moreno (Republican candidate for Ohio Senate), totaling $19.6M in support thus far • $3.5M to support Ruben Gallego (Dem running for AZ Senate)
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• Another $1.88M to support Yadira Caraveo (Dem running for a House seat in Colorado District 8), totaling $1.95M so far • Another $912K to support Zach Nunn (Rep running for a House seat in Iowa District 3), totaling $985K so far
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See all of the crypto industry super PAC spending at followthecrypto.org/
Tech Influence Watch

Tech Influence Watch

Tracking cryptocurrency and artificial intelligence industry influence on 2026 elections in the United States.

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Crypto candidate John Deaton won his R primary in the Massachusetts Senate race, where he will now face Elizabeth Warren. The crypto industry — mainly the Winklevoss twins, Ripple, and Potter Ventures — has been spending heavily to support him. followthecrypto.org/election…
Top donors Winklevoss Capital $1,019,295.29 Tyler WinklevossFounderJuly 18, 2024 $510,044.30 Cameron WinklevossFounderJuly 18, 2024 $509,250.99 Ripple Labs (Ripple Labs Inc) May 15, 2024 $1,000,000.00 Philip PotterInvestor Potter Ventures LLC July 23, 2024 $496,849.86 James MurphyFounder Ludlow Street Advisors LLC April 15, 2024 $50,000.00

ALT Top donors Winklevoss Capital $1,019,295.29 Tyler WinklevossFounderJuly 18, 2024 $510,044.30 Cameron WinklevossFounderJuly 18, 2024 $509,250.99 Ripple Labs (Ripple Labs Inc) May 15, 2024 $1,000,000.00 Philip PotterInvestor Potter Ventures LLC July 23, 2024 $496,849.86 James MurphyFounder Ludlow Street Advisors LLC April 15, 2024 $50,000.00

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He faces a much tougher challenge in November against crypto's public enemy #1 in Congress, Elizabeth Warren (who did not face a primary challenger). She is very popular outside of the crypto niche, and also benefits from the general advantage Democrats have in MA.
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Despite his long odds, the crypto industry has backed him thus far to the tune of about $2.5 million, around $1.3 million of which was spent on his primary race.
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Protect Progress recently threw $112,913 into Sarah McBride's Democratic primary for the at-large House district in Delaware. She probably doesn't need the help, given her lead both in terms of fundraising and in the polls.
Spending in the Delaware at-large House race. Sarah McBride (D) raised $2.6 million, and $150k has been spent to support her ($113k from the crypto industry). Donyale Hall (R) has raised $22k

ALT Spending in the Delaware at-large House race. Sarah McBride (D) raised $2.6 million, and $150k has been spent to support her ($113k from the crypto industry). Donyale Hall (R) has raised $22k

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McBride was among the signatories of the letter to the DNC and Kamala Harris, which urged them to "champion" crypto. She also appeared at the "Crypto 4 Harris" event earlier this month. followthecrypto.org/election…
Delaware House election | Follow the Crypto

Delaware House election | Follow the Crypto

Cryptocurrency industry spending to influence the Delaware House election.

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The Defend American Jobs crypto-focused super PAC has just poured more than $12 million into Republican Bernie Moreno's campaign against incumbent Democrat Sherrod Brown in the Ohio Senate race. This is the largest crypto PAC expenditure involving a single candidate so far.
Spending in the Ohio Senate race. Sherrod Brown (D) has raised $53 million, and has received $1.8 million in outside spending to support and $3.2 million in outside spending to oppose. Bernie Moreno (R) has raised $16 million, and has received $19 million in outside spending to support ($12 million from crypto-focused PACs) and $9.4 million to oppose.

ALT Spending in the Ohio Senate race. Sherrod Brown (D) has raised $53 million, and has received $1.8 million in outside spending to support and $3.2 million in outside spending to oppose. Bernie Moreno (R) has raised $16 million, and has received $19 million in outside spending to support ($12 million from crypto-focused PACs) and $9.4 million to oppose.

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See more on this race at followthecrypto.org/election…
Ohio Senate election | Follow the Crypto

Ohio Senate election | Follow the Crypto

Cryptocurrency industry spending to influence the Ohio Senate election.

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Defend American Jobs is directly funded by Andreessen Horowitz, Coinbase, Ripple, and Multicoin Capital. Most of its funding comes via the affiliated Fairshake crypto PAC (which itself boasts the same top three funders). followthecrypto.org/committe… followthecrypto.org/committe…

FairShake | Follow the Crypto

Election activity by the FairShake PAC

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