Crypto-backed Republican candidate wins Indiana congressional primary
Republican Representative James Baird won Indiana’s 4th Congressional District primary on Tuesday after receiving backing from Donald Trump and crypto-linked political action committees.
According to filings with the US Federal Election Commission, the Defend American Jobs PAC spent about $514,000 on advertising supporting Baird’s reelection campaign. The PAC is affiliated with Fairshake, a crypto-backed committee funded by companies including Coinbase and Ripple Labs.
Baird won Tuesday’s Republican primary in Indiana’s 4th Congressional District with more than 60% of the vote, defeating challenger Craig Haggard and other candidates.
Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act.
According to filings with the US Federal Election Commission (FEC), the Defend American Jobs political action committee (PAC) spent about $5…