Cryptocurrency-aligned political action committees are on pace to surpass their 2024 midterm spending in Texas congressional races.
The Texas Tribune’s review of Federal Election Commission filings shows two major PACs, Defend American Jobs and Protect Progress, have spent more than $2.5 million on Texas candidates so far this cycle, compared with about $1 million at the same point in 2024.
Both groups are affiliated with Fairshake, a large crypto-focused political fund that reported $193 million in cash on hand at the start of 2026.
Nationwide, crypto-aligned super PACs have spent at least $28 million so far in the current cycle, up from about $22 million at the same stage in 2024.
In the last midterm cycle, 53 of 58 candidates backed by crypto PACs nationwide won their races, including four in Texas.
Daron Shaw, a government professor at the University of Texas at Austin, said the spending reflects concern about potential regulation.
“The fear is there’s going to be significant regulation on the part of Congress, and so [crypto PACs] want to find people who would be willing to at least listen to them,” Shaw said.
Rep. Christian Menefee, a Democrat, has received the largest share of crypto spending in Texas, with more than $1.5 million backing his campaign in a runoff against Rep. Al Green in a Houston-area district.
