AI, crypto industries dump millions into Illinois primaries to mixed results
CNBC
Illinois' early primary shows the limits of the AI and cryptocurrency industries' spending power on shaping Congress.
A major crypto PAC suffered a blow after the Illinois Senate Democratic candidate it spent millions opposing won the Tuesday primary and will likely be sworn into office next year.
Fairshake, backed by Coinbase, Ripple Labs and venture capital firm Andreessen Horowitz, spent more than $10 million on ads opposing Illinois Lt. Gov. Juliana Stratton in her Democratic primary race for Senate. Stratton has an "F" rating from Stand With Crypto, and took to social media to denounce the "MAGA-backed crypto bros" who were funding ads opposing her. Stratton is all but guaranteed to become the next Illinois senator in November in the state that leans heavily Democratic.
Another candidate opposed by Fairshake, La Shawn Ford, also won his primary to become the Democratic nominee for Illinois's 7th Congressional District. The district heavily leans Democratic, putting Ford on the glide path to Congress.
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Progressives and moderates vie for influence in Democratic primary while House primaries feature competitive races for retiring lawmakers' seats
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