Today
Vivo is preparing to launch its new flagship smartphone
+34°
пасмурно ветер 3.6 м/с, С
RU UZ

Six pro-crypto candidates win in Texas

Economy
0
Texasda kriptovalyuta sohasi qo'llab-quvvatlagan olti nomzod g'alaba qozondi
In the early elections held in the state of Texas, USA, six candidates supported by cryptocurrency sector representatives emerged victorious, according to Zamin.uz.

These results indicate a high level of political influence of the digital assets industry ahead of the primary elections for the U.S. House of Representatives and Senate. In particular, political action committees such as Fairshake, Defend American Jobs, and Protect Progress have signaled their intention to more actively support candidates favorable to crypto policy in the future following these successes.

According to data submitted by the Federal Election Commission, political committees dedicated to the sector spent over $10 million on the advertising and media campaigns of these six candidates. The Fairshake organization alone reported having over $193 million in reserve funds as of January this year.

These funds are planned to be used not only in the current elections but also in the 2026 midterm elections to support candidates favorable to the digital economy. Experts believe that the defeat of politicians with a negative stance toward cryptocurrencies demonstrates the real impact this network is having on election outcomes.

For example, in Texas’s 18th district, Democratic candidate Kristian Menefi successfully defeated incumbent representative Al Green. Additionally, Republican candidates such as Ken Paxton, Tom Sell, and Alex Miller also achieved strong results with the support of the crypto industry.

This confirms that attitudes toward technological innovation in the political arena are shifting. Upcoming election cycles are expected to continue in states such as California, Iowa, and New Jersey.

Currently, the Protect Progress committee has allocated nearly half a million dollars to support Democratic candidates in these states. Industry representatives, particularly, are closely monitoring the outcomes of candidates vying for leadership in California — especially those who previously criticized the sector sharply.

Such political activity is gaining importance in shaping the future legal framework of the digital assets market.

Similar news

Entrepreneurs face many problems in finance and land issues
Entrepreneurs face many problems in finance and land issues
Davron Vahobov, President of the Chamber of Commerce and Industry of Uzbekistan, today provided information on the most common problems and challenges faced by entrepreneurs in our country. This was
Economy Yesterday, 23:56
Tax benefits are provided to employers who hire higher education graduates.
Tax benefits are provided to employers who hire higher education graduates.
In Uzbekistan, a new system is being introduced to provide graduates of higher education institutions with suitable employment opportunities and to foster an entrepreneurial environment among youth.
Economy 23:55, 2-07-2026
Gasoline deliveries from Russia to Uzbekistan have slowed down
Gasoline deliveries from Russia to Uzbekistan have slowed down
Reports have spread that gasoline supplies to Uzbekistan from Russia have sharply declined due to the situation in Russia's domestic fuel market and the temporary restrictions imposed on
Economy 23:35, 1-07-2026
The volume of financial services in Uzbekistan increased by twenty-four percent in four months.
The volume of financial services in Uzbekistan increased by twenty-four percent in four months.
According to new data released by the Statistics Agency of Uzbekistan, the country’s financial services market showed significant growth rates during the first four months of 2026. This was reported
Economy 02:48, 1-07-2026
The dollar exchange rate in Uzbekistan will significantly decrease starting from July 1
The dollar exchange rate in Uzbekistan will significantly decrease starting from July 1
The foreign exchange rates in the Uzbekistan financial market are on the verge of further changes. This was reported by Zamin.uz. Specifically, starting from July 1 of this year, the official value
Economy 01:46, 1-07-2026
Startup projects play an important role in increasing the volume of Uzbekistan's economy
Startup projects play an important role in increasing the volume of Uzbekistan's economy
The Government of Uzbekistan has set a priority task to increase the volume of the country's economy to $240 billion by 2030, Zamin.uz reports. The head of state particularly emphasized that
Economy 00:56, 1-07-2026