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Crypto Money Falls in Michigan Primary | Bitcoin and Crypto News
Description
In a stunning upset, crypto-backed incumbent Shri Thanedar lost his Democratic primary in Michigan’s 13th district to progressive challenger Donavan McKinney — a race that became a lightning rod for criticism of big money in politics. Despite $2 million spent by the crypto PAC Protect Progress to back Thanedar, voters sided with McKinney, who accused the industry of rewarding past favors. Now backed by the DNC and DSA, McKinney faces Republican Taras Nykoriak in November, pledging to put people over profits — a message that resonated deeply in this pivotal swing district. Meanwhile, crypto-funded groups like Fairshake have poured over $170 million into other races, signaling an ongoing, high-stakes battle for political influence.
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