HomeglobalCryptocurrency firms suffer heavy losses in Illinois primaries after spending big

Cryptocurrency firms suffer heavy losses in Illinois primaries after spending big

globalMarch 19, 2026
1 min read
Cryptocurrency firms suffer heavy losses in Illinois primaries after spending big
Cryptocurrency’s biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-crypto

Cryptocurrency’s biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-crypto

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The cryptocurrency industry spent big and lost often in this week’s Illinois primaries.

As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics.

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Source: Guardian - World News

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