Political efforts tied to the crypto industry scored another set of wins in 
Texas, strengthening the case that the sector’s influence in US politics 
remains strong under a more pro-digital asset administration. According to 
reporting from Eleanor Terret of Crypto In America, the crypto industry went 
6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday 
night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from 
the Democratic primary runoff in Texas’s 18th Congressional District. In that 
race, Terret reported that Rep. Christian Menefee defeated 20-year incumbent 
Rep. Al Green. Fairshake, the industry’s leading super political action 
committee (PAC), took credit for the win after spending roughly $6.5 million 
on the race, largely through advertisements supporting Menefee. Related 
Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen 
First A Fairshake spokesman, Geoff Vetter, argued that Green’s loss showed how 
anti-crypto positions can have real electoral consequences, noting that Green 
was the first Democratic incumbent this cycle to lose his seat. Vetter also 
said Fairshake would continue to “aggressively back” leaders such as Menefee. 
Elsewhere in Texas, several other races also went in the direction favored by 
crypto-aligned groups. Candidates Alex Mealer, Tom Sell, John Bonck, and 
Carlos De La Cruz all won their respective runoffs. In total, Fairshake 
reportedly spent roughly $1.8 million backing those candidates. Crypto-related 
efforts were also part of some Republican outcomes. Attorney General Ken 
Paxton’s upset victory over Sen. John Cornyn in the Republican Senate primary 
runoff reportedly drew support from crypto-aligned money as well. California 
Top-Two Primary Beckons With Texas now behind them, Terrett reported that 
crypto political groups are already looking ahead to the next targets. The 
next state on Fairshake’s radar appears to be Maryland. There, state lawmaker 
Adrian Boafo is running in the June Democratic primary for the state’s 5th 
Congressional District, and Fairshake has already spent about $2.12 million 
supporting him. Related Reading: Ethereum (ETH) Next Rally Could Start With 
These Two Triggers, Top Analyst Says Beyond that, the industry is also 
expected to focus on California’s top-two primary in the state’s 32nd 
Congressional District next week. In that race, long-time crypto critic Rep. 
Brad Sherman faces Jake Levine, a former Biden White House official, as both 
compete to advance to November’s general election. Featured image created with 
OpenArt; chart from TradingView.com

Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration. According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs &#8230;

Perfect Crypto Week In Texas: 6 Candidates Backed, 0 Misses—What To Track Next

Tokenizing central bank reserves could revolutionize global finance by 
streamlining cross-border transactions, reducing costs, and enhancing 
efficiency.
The post BIS confirms tokenizing central bank reserves accelerates cross- 
border payments appeared first on Crypto Briefing.

Tokenizing central bank reserves could revolutionize global finance by streamlining cross-border transactions, reducing costs, and enhancing efficiency. The post BIS confirms tokenizing central bank reserves accelerates cross- border payments appeared first on Crypto Briefing.

BIS confirms tokenizing central bank reserves accelerates cross-border payments

SoFi launched SoFiUSD, a bank issued dollar stablecoin available inside its 
app with Ethereum and Solana support.
The post SoFi brings SoFiUSD to nearly 15 million users with Ethereum and 
Solana support appeared first on Crypto Briefing.

SoFi launched SoFiUSD, a bank issued dollar stablecoin available inside its app with Ethereum and Solana support. The post SoFi brings SoFiUSD to nearly 15 million users with Ethereum and Solana support appeared first on Crypto Briefing.

SoFi brings SoFiUSD to nearly 15 million users with Ethereum and Solana support

Blockworks launched the Transparency Alliance with Coinbase, Kraken, Ripple, 
and others to standardize token disclosures.
The post Blockworks forms Transparency Alliance with Coinbase, Kraken, Ripple, 
and other crypto firms appeared first on Crypto Briefing.

Blockworks launched the Transparency Alliance with Coinbase, Kraken, Ripple, and others to standardize token disclosures. The post Blockworks forms Transparency Alliance with Coinbase, Kraken, Ripple, and other crypto firms appeared first on Crypto Briefing.

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This case could lead to stricter regulations on prediction markets, impacting 
their operation and increasing oversight to prevent insider trading.
The post Google engineer Michele Spagnuolo charged with insider trading on 
Polymarket appeared first on Crypto Briefing.

This case could lead to stricter regulations on prediction markets, impacting their operation and increasing oversight to prevent insider trading. The post Google engineer Michele Spagnuolo charged with insider trading on Polymarket appeared first on Crypto Briefing.

Google engineer Michele Spagnuolo charged with insider trading on Polymarket

JPMorgan Chase CEO Jamie Dimon has said the bank could spend as much as $20 
billion on a major acquisition over the next two years if the right target 
appears. According to CNBC, Dimon made the comments on Wednesday during…

JPMorgan Chase CEO Jamie Dimon has said the bank could spend as much as $20 billion on a major acquisition over the next two years if the right target appears. According to CNBC, Dimon made the comments on Wednesday during…

Perfect Crypto Week In Texas: 6 Candidates Backed, 0 Misses—What To Track Next

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