A crypto-focused political group, Fellowship PAC, has invested $1.75 million in the Texas Senate race, backing Attorney General Ken Paxton against Senator John Cornyn in a key runoff election.

Fellowship PAC, a political group aligned with the crypto industry, has made a significant investment of $1.75 million. This funding is designated to support Texas Attorney General Ken Paxton. Paxton is currently competing against Senator John Cornyn in a crucial runoff election scheduled for May. The PAC’s substantial backing highlights the growing influence and engagement of the cryptocurrency community in traditional political landscapes, aiming to shape outcomes in important electoral contests.