Michigan incumbent Shri Thanedar’s re-election bid against other Democratic challengers is getting more about crypto with an infusion of ads funded by an industry-aligned PAC.
Crypto political action committee (PAC) money is pouring into ads for next week’s primary race in Michigan’s 13th Congressional District, led by a group funded largely by contributions from Ripple Labs and Coinbase.
According to Federal Election Commission (FEC) filings as of Thursday, the Protect Progress PAC had spent more than a combined $2 million on media to support Michigan Representative Shri Thanedar in the state’s 13th district and oppose his Democratic challenger, Donavan McKinney.&
The most recent filings effectively doubled what the PAC had reported spending a week prior, with an additional $884,240 on ads to support Thanedar and more than $150,000 to oppose McKinney.
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