Crypto-backed Michigan House incumbent loses primary despite $2M PAC support

A Midwest Democratic primary that raised accusations of payback from the cryptocurrency industry ended with the unseating of two-term incumbent Shri Thanedar.
Michigan State Representative Donavan McKinney won a Democratic primary against incumbent House Representative Shri Thanedar in a race that raised accusations of payback by the cryptocurrency industry.
McKinney won the primary for Michigan’s 13th Congressional District with 51.9% of the vote against Thanedar’s 48.1% as of Wednesday, the New York Times reported. The primary saw a cryptocurrency-backed political action committee (PAC) spending more than $2 million on media in an attempt to re-elect Thanedar, who has voted in favor of many bills favoring the industry while in Congress.
Election results for Democratic primary in Michigan’s 13th congressional district. Source: The New York Times
Source: Cointelegraph →Related News
- 2 hours ago
Senator Warren questions US AI chip policy after Trump crypto investment: Report
- 4 hours ago
Senator Lummis still pushing for CLARITY vote before August recess
- 4 hours ago
Marex invests in Digital Prime to expand institutional crypto lending
- 7 hours ago
Western Union brings stablecoin remittances to Visa network with Stablecard
- 10 hours ago
Galaxy reports $85M net loss amid Q2 crypto market slump
