[Multiple Crypto-Backed PACs Concentrate Funding in Key Runoff Elections in Texas, USA] According to Eleanor Terrett, the approximately $2.5 trillion crypto industry is channeling funds through multiple PACs supported by crypto companies in key runoff elections in Texas, USA. Among them, the tether-backed Fellowship PAC has spent $500,000 on ads for Ken Paxton's campaign against incumbent Senator John Cornyn, after previously withdrawing a planned $1.75 million ad budget for Paxton. The newly established Blockchain Leadership Fund has donated to TX-18 district candidate CD Menefee and TX-38 district candidate Jon Bonck.