State Politics Report: Crypto Flows into the 6th Congressional District

A whole pile of crypto cash just got dumped into the already red-hot race for the open U.S. House seat in the 6th Congressional District.

Protect Progress, a political action committee backed by cryptocurrency billionaires—some of whom also back Donald Trump—plowed $1.4 million into an independent campaign in support of Democrat Emily Randall. The crypto people are concerned that they’ll get regulated out of business and are spending heavily around the country in hopes of a friendlier Congress. Why the crypto billionaires chose to back Randall over Franz is a little murkier.

Why you should care about this: The money is more than either Randall, a state Senator from Bremerton, or her Democratic opponent, Commissioner of Public Lands Hilary Franz, raised for their own campaigns.

The TV ad will run in heavy rotation in the Seattle-area media market and on cable networks around the district that stretches from Tacoma across the Kitsap and Olympic Peninsulas and southwest to Grays Harbor and hews closely to Randall’s own messaging.¹ So in effect, her campaign just got more than twice as big.

https://www.postalley.org/2024/07/27/state-politics-report-crypto-flows-into-the-6th-congressional-district/