Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.
The Protect Progress political action committee (PAC) has spent roughly $7.8 million to support Democratic candidates for the United States Senate races in Arizona and Michigan.
According to a Sept. 14 filing with the Federal Election Commission, the Super PAC spent roughly $4.1 million on a media buy for Arizona Representative Ruben Gallego, who is running to represent the state in the US Senate starting in 2025. Protect Progress also reported spending more than $3.7 million on a media buy for Representative Elissa Slotkin for a US Senate seat in Michigan.
Protect Progress, an affiliate of the crypto-backed Super PACs Fairshake and Defend American Jobs, has spent more than $6.9 million to support Rep. Slotkin’s 2024 run and more than $7.6 million on Rep. Gallego’s race. The three PACs combined have poured millions into supporting and opposing congressional candidates in primary and general elections.
