In a pivotal special election in Florida’s 1st and 6th congressional districts, two Republican candidates are facing off against Democratic challengers supported by a crypto-backed political action committee (PAC). The Defend American Jobs PAC, funded by the cryptocurrency industry, has invested over $1.5 million in media for these candidates, Jimmy Patronis and Randy Fine, while Democrats Gay Valimont and Josh Weil have raised considerably more. This election will determine whether Republicans maintain control of the districts or if Democrats gain a first-time majority in nearly 30 years. While traditionally Republican strongholds, Democratic candidates Valimont and Weil have significantly outpaced their Republican counterparts in fundraising, highlighting growing political influence of the cryptocurrency sector. The special elections come amidst a backdrop of increased crypto-related legislation being considered by Congress, including market structure bills and stablecoin regulations. Notably, these races are not just about party politics; they also reflect the evolving role of crypto in shaping election funding and policy. Fairshake, the PAC’s parent company, has poured $131 million into the 2024 US elections, further emphasizing the connection between this sector and political engagement.