Crypto-backed PAC scales back ad spending in Massachusetts primary
The $189,000 in media spending to support Representative Jake Auchincloss marked Fairshake’s latest attempt to influence the 2026 elections with funds from the crypto industry.
The Protect Progress PAC, a partner of the $130 million-dollar Fairshake political action committee, scaled back its ad spending in Massachusetts' 4th congressional district primary. The $189,000 spent primarily supported Representative Jake Auchincloss' reelection campaign, according to Federal Election Commission data. Some funds funded AI-generated mailers, which some figures oppose.
Jason Poulos, a Democratic candidate, urged Auchincloss to publicly reject the PAC's influence. The PAC's funding origins have come under scrutiny, with accusations of accepting donations from crypto industry sources since 2020, despite Auchincloss voting for the Digital Asset Market Clarity Act. Fairshake's $122 million cash reserve ahead of the 2026 midterms signals continued political ambition, despite the scaled-back Massachusetts focus.
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