Crypto PACs spend $8M in New York, Maryland, Utah primaries

Crypto-backed political action committees have spent over $8 million on media to support candidates in congressional primaries in New York, Maryland and Utah, marking the industry's next major test in the 2026 election cycle.

These primaries follow earlier races in Alabama, California and Texas where many crypto-supported candidates won. The spending has drawn pushback, with some Maryland Democrats calling on a candidate to reject outside spending from crypto billionaires. The PACs are using funds to amplify their preferred candidates through advertising and direct voter outreach.

For cryptocurrency traders and investors, the outcome of these primaries could signal the level of political influence the crypto industry can wield heading into the midterms. Pro-crypto lawmakers may shape future legislation on digital asset regulation, stablecoins and market structure. Readers can track related market sentiment on NowPrice's crypto page for real-time pricing context.

Looking ahead, the general election in November will determine whether the crypto industry's spending translates into tangible policy wins. Key races to watch include those where crypto PACs have been most active, as well as any regulatory developments that emerge from the current Congress.