Shri Thanedar, Supported by Over $2 Million from Crypto PAC, Loses in Michigan Democratic Primary
2026-08-06 01:06:14
According to CoinMeta, Shri Thanedar, which received over $2 million in support from cryptocurrencies including PAC, lost in the Michigan Democratic primary elections. Meanwhile, Representative Donavan McKinney from Michigan defeated the incumbent federal representative Shri Thanedar in the Democratic primary for Michigan's 13th congressional district. As of Wednesday, McKinney had a 51.9% vote share, while Thanedar had 48.1%. In these primary elections, the political action committee Protect Progress backed by cryptocurrencies spent over $2 million on media campaigns to support Thanedar's re-election and oppose McKinney. Protect Progress is associated with Fairshake, which is primarily supported by cryptocurrency companies Coinbase and Ripple. Thanedar has previously voted in favor of bills such as those proposed by Genius Act and Clarity Act in the House of Representatives. McKinney will face Republican candidate Taras Nykoriak in the November elections.
Source:Internet
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