PACs laud Texas primary wins, look to back more pro-crypto candidates

60-second summary
Crypto industry-backed candidates are celebrating their Texas primary wins, securing runoff victories in key districts. Industry PACs have invested heavily in these Texas races, with some notable successes. However, their influence is expected to wane in California's upcoming races, where they have less of a stake, which could impact their broader pro-crypto agenda and legislative influence nationwide.
While crypto industry-backed candidates won runoffs in Texas on Tuesday, industry PACs have less of a stake in California races next week.