Crypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming
CoinTelegraph·
60-second summary
A crypto company-backed PAC makes its "biggest spend of the cycle" in Alabama, contributing to a Republican candidate's win in the Senate runoff. This comes as several US states prepare for primaries next week, including Alabama itself, where June primaries are looming. The crypto industry's growing influence in US politics is now a significant concern for many market observers.
Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its “biggest spend of the cycle.”