Money from political action committees could have contributed to a loss in a New York Democratic primary and a victory in a Utah Republican primary on June 25.
Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary.
Jamaal Bowman, a House Representative for New York’s 16th Congressional District, has lost the Democratic primary, which could have allowed him to keep his seat in 2025.Rep. Bowman by roughly 58% to 42%, with 84% of the vote reporting at the time of publication. The Fairshake political action committee on a media campaign opposing Bowman’s reelection — not attacking his record on voting against pro-crypto bills, but claims of “pushing dangerous conspiracy theories.
While in Congress, Rep. Bowman voted against the Financial Innovation and Technology for the 21st Century Act, the CBDC Anti-Surveillance State Act, and a joint resolution overturning a Securities and Exchange Commission rule on banks handling crypto. Latimer, in contrast, has not made any notable statements on crypto or blockchain.
Bowman had the support of many members of his party. However, interest groups, including Fairshake and the United Democracy Project — a PAC reportedly tied to the American Israel Public Affairs Committee — spent $17 million to oppose the Democratic incumbent. The New York Representative has been openly critical of Israel following the nation’s military actions in Gaza.
While Staggs’ position on crypto is unclear, Rep. Curtis cosponsored the FIT21 Act and the CBDC Anti-Surveillance State Act and voted in favor of the joint resolution to overturn the SEC Staff Accounting Bulletin No. 121. He alsofor the U.S. Senate after a Fairshake ad claimed she took campaign contributions from “big pharma, big oil, and the big bank executives.
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