Key facts
- Digital Freedom Fund spent $81,000 on ads supporting Ken Paxton in Texas.
- The PAC has spent $7 million supporting Jon Husted in Ohio.
- Fairshake PAC spent $13 million on pro-crypto candidates, including $9 million for Husted.
- Elon Musk donated $150 million to the Senate Leadership Fund, which supported Paxton.
The Digital Freedom Fund, a Super PAC established by Gemini co-founders Cameron and Tyler Winklevoss in 2025, has entered the Texas Senate race with an $81,000 ad buy supporting Republican candidate Ken Paxton. The PAC's filing with the FEC also indicated expenditures in Ohio's Senate race, bringing its total support for Republican Jon Husted to approximately $7 million. These political contributions coincide with prediction markets heavily favoring Democrats retaking control of Congress, which could influence the passage of crypto-related legislation such as the Digital Asset Market Clarity Act. Separately, Fairshake PAC, aligned with crypto interests and funded by major industry players, reported over $13 million in spending on pro-crypto candidates, including significant support for Husted and opposition to an independent candidate in Nebraska. Elon Musk also contributed $150 million to the Senate Leadership Fund, which has supported Paxton's campaign.