In the final days of a hard-fought Democratic primary for an open congressional seat in Texas, a wave of glowing TV ads began running in Dallas in support of state Rep. Julie Johnson, one of the top two candidates.
But the super PAC’s move to boost Johnson was hardly a coincidence. It came after Johnson added language to her campaign website that signaled her support for cryptocurrency and her desire to pass legislation in Congress that would spur “crypto innovation.”, there is now a section dedicated to “innovation,” much of which focuses on cryptocurrency.
In response to questions from The Daily Beast, Johnson campaign spokesperson Chelsea Roe said that “any campaign is a living structure.” Should Johnson prevail in the primary, it could send a powerful message to other candidates looking to get an edge in their own competitive races in 2024.said it would
In electoral politics today—if not in finance—there are few better bets than crypto. In 2022, immensely well-resourced super PACs funded with crypto cashProtect Our Future PAC, funded by the disgraced FTX founderand his associates, spent at least $1 million in TV ads to boost candidates in six different safe-seat Democratic primaries. Five of the candidates they backed won. Some were more vocal about cryptocurrency. Others had not touched the issue at all.
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