Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its \u201cbiggest spend of the cycle.\u201d<\/p>\n
More than $12 million in crypto-aligned political action committee (PAC) media buys helped propel Barry Moore to victory in Tuesday’s Alabama Republican US Senate runoff over Barry Moore.<\/p>\n
The runoff was necessary after neither candidate was able to secure a majority of the vote on May 19, Moore will be the Republican candidate for a US Senate seat in Alabama, facing off against Democrat Everett Wess. Moore won with 55.8% of the vote to Hudson\u2019s 44.2%, giving him an opportunity to replace outgoing Republican Senator Tommy Tuberville.<\/p>\n
Filings with the Federal Election Commission (FEC) showed that the Defend American Jobs PAC, a committee affiliated with the cryptocurrency company-backed Fairshake, spent more than $12 million on media and ads to back Moore\u2019s candidacy in the May 19 primary and Tuesday\u2019s runoff. The Coinbase-affiliated advocacy organization Stand With Crypto rated Moore as \u201cstrongly supports crypto,\u201d based on public statements and his voting record while representing Alabama\u2019s 1st Congressional district.<\/p>\n