Crypto Industry Super PAC Endorses Republican Candidates in Florida Special Elections

The Crypto Industry Super PAC network, comprising Fairshake, Protect Progress, and Defend American Jobs, is supporting two Republican candidates in Florida’s special elections for the U.S. House on April 1, 2025. Defend American Jobs is leading the effort, spending $1.2 million on ads for State Senator Randy Fine, who is running to replace Michael Waltz (now Trump’s national security adviser), and $345,000 for Jimmy Patronis, Florida’s CFO, replacing Matt Gaetz. Both candidates have pro-crypto stances, with Fine advocating for regulatory clarity and Patronis exploring crypto investments for state funds. The PAC has heavily favored Republicans, spending $60 million from 2023-2024. These elections are critical, as a Democratic sweep could shrink the Republican House majority to one seat. Recent regulatory shifts, including the repeal of the DeFi broker rule and reduced SEC enforcement, suggest a more crypto-friendly U.S. government under Republican influence. Show Less