HeadlinesBriefing favicon HeadlinesBriefing.com

Crypto Super PACs Waste $12.8M in Failed Illinois Primary Push

Hacker News •
×

The cryptocurrency industry's super PACs poured $14.2 million into the Illinois primaries, yet 90% of that sum ($12.8 million) proved futile. Their spending targeted Democratic candidates Juliana Stratton in the Senate race and La Shawn Ford in H-07, both of whom secured their party's nominations despite the opposition. Stratton and Ford won their primaries, rendering the $10 million and $2.5 million spent against them wasted. The PACs' sole victories came in races where outcomes were already likely: they backed Robert Peters in H-02 (who received only 12% of the vote) and supported leading candidates Bean in H-08 and incumbent Budzinski in H-13.

This early expenditure consumed less than 6% of the PACs' total war chest, signaling a prolonged campaign ahead.