Crypto cash backs potential new allies in Congress as industry's PAC presence widens

As crypto world notches political wins in Texas and beyond, some of its emerging political action committees ditch bipartisan approach for a Republican focus. What to know : The Fairshake PAC and its affiliates are still the major force in crypto election clout, and they're marking a number of significant congressional campaign victories bought with tens of millions in spending. But a number of new crypto PACs have emerged, and their Republican focus could shift some of the bipartisan energy carefully built over multiple campaign cycles. The Texas primary runoffs this week — and the loss of longtime incumbent U.S. Representative Al Green, a crypto critic — reinforce that the crypto PACs may be a significant influencer in the makeup of next year's Congress.