BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Crypto-Backed Candidate Wins Virginia Primary in Key House Race

by Dan K
Jul 1, 2025 - 9:58 pm
in Blockchain
James Walkinshaw speaking after winning Virginia primary, backed by crypto PAC funding

Walkinshaw Takes Democratic Nomination in Virginia

James Walkinshaw won the Democratic primary for Virginia’s 11th Congressional District, one of the top races that resulted from the passing of Representative Gerry Connolly. Walkinshaw’s victory came after a strong fundraising boost from Protect Progress, a political action committee that is dedicated to crypto-funded Fairshake PAC.

The primary, which was held Saturday as a firehouse vote, determined the Democratic nominee for a special election on September 9.

Crypto Business Spending Hefty to Influence the Race

Over $1 million was spent by Protect Progress in June on ad buys in support of Walkinshaw under reporting from the Federal Election Commission. The PAC is supported by Fairshake, which has been generously funded by crypto businesses including Coinbase and Ripple Labs.

Fairshake and its supporters have emerged as political heavy hitters in the United States, outlaying over $130 million in the 2024 election cycle to advance cryptocurrency and blockchain regulation-supporting candidates.

Fairshake: “Crypto Is a Winning Political Issue”

The Fairshake spokesperson praised Walkinshaw’s resilience against political attacks by stating:

We were proud to stand with a candidate who stood strong against baseless attacks and never lost sight of innovation and economic prosperity.”

The representative also suggested that voters “sent a clear message that an acceptance of crypto and blockchain is not only good policy, but a political winner on both sides of the aisle.”

Crypto PACs Target 2026 Midterms

Fairshake is already planning ahead for the 2026 midterm election cycle and has reported $116 million in cash on hand to be spent on candidates who are pro-digital asset regulation and innovation.

270 so-called “pro-crypto” members were sworn into the House and Senate in 2024. Congress also enacted crypto-related legislation, including stablecoin regulation and rules for digital asset markets.

Crypto-backed PACs are signaling that their political clout is just beginning. Walkinshaw’s initial success could be an appetizer for a broader movement to reform U.S. digital asset policy through strategic electoral spending.

Tags: Regulation
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service