Two Republicans who received a joint $ 1.5 million from the crypto supported by the Political Action Committee (PAC) fairshake will enter the US house after winning special elections in Florida.
Republican Jimmy Patronis won the vacant seat at 1st Congressional District of Florida To replace Matt Gaetz, take 57% of the vote to defeat Democrat Gay Valimont, According to In AP news data.
Randy Fine also took the 6th Florida Congress district with 56.7% of the vote to defeat his democratic rival, public school teacher Josh Weil, and fill a seat left by Mike Waltz, who took a job as a advisor of the White House National Security.
The 1st and 6th district of Florida Congress -located in the Western Florida’s western Panhandle and with the northern -east state -has been regulated by Republicans for almost 30 years, but their lead has been narrow in recent years.
Fairshake, a Pac returned Through the giant crypto industries including Coinbase, Ripple and Andreessen Horowitz, fined at around $ 1.16 million in advertising spending and funneled $ 347,000 to the patronis to support his campaign.
Both Republicans have expressed support for the crypto industry, with a fine Says In a January 14 x post “Floridians want a crypto change!”
Source: Randy fine
The Fairshake and its affiliates poured nearly $ 170 million in the 2024 US and Congress presidential elections to return candidates dedicated to supporting the crypto industry.
Patronis and Fine’s wins have increased Republican representation at home in 220 seats, including Democrats holding 213 seats.
There are two vacant seats to be filled after Texas and Arizona Democrats Sylvester Turner and Raúl Grijalva died on March 5 and March 13, respectively.
Florida might expect to see an environment in crypto-friendly regulation
Successes for Patronis and Fine are likely to mean crypto law will continue to see US capital support.
The Republican Party will maintain most of its home even though both seats in Florida have lost, but it is more difficult to do for some of the recently introduced bills supported by the Republican passing through the Chamber and Senate.
Related: Florida Bill recommends strict policies against online gambling
At the Digital Assets Summit on March 18, democratic congressman Ro Khanna said he believed Congress was “should be obtained” Both a stablecoin and crypto market structure bill Done this year.
Betches that eventually get home with the guidance and establishment of national change for US Stablecoins (Genius) Act, which passes the Senate banking committee to an 18-6 vote on March 13.
Senator Cynthia Lummis also A Bitcoin reserve bill was re -shown About a week after the Trump administration announced the establishment of a strategic reserve of Bitcoin on March 6, with the law specified in the Senate Banking Committee on March 11.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
