Democratic incumbent targeted by crypto Super PAC ads loses primary

Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary.

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Jamaal Bowman, a House Representative for New York’s 16th Congressional District, has lost the Democratic primary, which could have allowed him to keep his seat in 2025.

According to a June 26 projection from NBC News, Democratic challenger George Latimer will defeat Rep. Bowman by roughly 58% to 42%, with 84% of the vote reporting at the time of publication. The Fairshake political action committee (PAC) spent more than $2 million on a media campaign opposing Bowman’s reelection — not attacking his record on voting against pro-crypto bills, but claims of “pushing dangerous conspiracy theories.”

While in Congress, Rep. Bowman voted against the Financial Innovation and Technology for the 21st Century (FIT21) Act, the CBDC Anti-Surveillance State Act, and a joint resolution overturning a Securities and Exchange Commission (SEC) rule on banks handling crypto. Latimer, in contrast, has not made any notable statements on crypto or blockchain.

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Democratic incumbent targeted by crypto Super PAC ads loses primary

Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary.

Buy physical gold and silver online

Jamaal Bowman, a House Representative for New York’s 16th Congressional District, has lost the Democratic primary, which could have allowed him to keep his seat in 2025.

According to a June 26 projection from NBC News, Democratic challenger George Latimer will defeat Rep. Bowman by roughly 58% to 42%, with 84% of the vote reporting at the time of publication. The Fairshake political action committee (PAC) spent more than $2 million on a media campaign opposing Bowman’s reelection — not attacking his record on voting against pro-crypto bills, but claims of “pushing dangerous conspiracy theories.”

While in Congress, Rep. Bowman voted against the Financial Innovation and Technology for the 21st Century (FIT21) Act, the CBDC Anti-Surveillance State Act, and a joint resolution overturning a Securities and Exchange Commission (SEC) rule on banks handling crypto. Latimer, in contrast, has not made any notable statements on crypto or blockchain.

Read more

About the author

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