What's at Stake for Crypto as Three US States Kick off Party Primaries?

Primary elections starting in North Carolina, Texas, and Arkansas are setting the stage for the 2026 US midterm elections, potentially determining the balance of power in Congress and the future of cryptocurrency legislation. In Texas, Democratic candidate Jasmine Crockett, who previously received significant funding from crypto-affiliated PACs like Protect Our Future, is running for the US Senate seat currently held by John Cornyn. Crockett has stated she won't accept direct corporate PAC money for her Senate run, but industry-backed committees could still influence the race. The crypto industry is heavily invested in these outcomes, following a 2024 election cycle where the Super PAC Fairshake spent over $133 million, resulting in what advocates called the "most pro-crypto Congress" in history. Fairshake has already begun spending in early races and has earmarked funds to oppose Texas Representative Al Green due to his anti-crypto stance. The results of these primaries will be crucial, especially considering the potential for a change in presidential administration, as former President Donald Trump had promised to appoint pro-crypto regulators and sign key legislation like the GENIUS Act.

(Source：Cointelegraph)