With 11 days left until the US elections, Texans have already begun early voting. Crypto-political action committees (PACs) have disclosed their final spending to support Republican Senator Ted Cruz for re-election. The Bitcoin Voter PAC spent around $30,000 on digital ads supporting Cruz in the 2024 election as reported by the Federal Election Commission (FEC) on October 24.
The PAC, funded by the Bitcoin Voter Project, released ad spots urging voters to back Republican presidential candidate Donald Trump and Pennsylvania Senate candidate Dave McCormick. Recent polls show Cruz and Democratic Senate candidate Colin Allred in a close race. Texas reports over 2.8 million votes cast since polls opened on October 21, representing about 15.1% of registered voters.
Senator Cruz has been vocal about easing restrictions on BTC miners in Texas and supporting the growth of the industry for job creation and economic opportunities. While Allred has also shown support for digital assets, many supporters in the crypto space favor Cruz for his strong advocacy. Allred, in his role as representative, has linked cryptocurrencies to funding terrorist groups, raising concerns within the industry.
The Bitcoin Voter Project prioritizes protecting Cruz’s seat and garnering support for Bitcoin champions in top positions. The Bitcoin Voter PAC ad, released on the first day of voting in Texas, was one of the endorsements Cruz received from industry leaders. FEC records show significant contributions from PACs like Bitcoin Freedom PAC and industry figures like Coinbase CEO Brian Armstrong to support Cruz’s reelection.
Various PACs are investing heavily in media campaigns to support or oppose candidates in the 2024 election. Texas, a key battleground, attracted both Democratic and Republican candidates with campaign events featuring high-profile figures like Vice President Harris and former President Trump. The influence of crypto voters is already shaping the political landscape and will continue to do so.
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