With over $122 million already invested in the Texas Senate primary by both parties, the race is poised to significantly influence the upcoming midterm elections in 2026. Democratic Representative Jasmine Crockett is vying for the Senate seat currently held by Republican John Cornyn. Crockett, who has been part of the House since 2023, has a history of supporting crypto legislation, including the stablecoin payments bill known as the GENIUS Act.
Crockett faces a challenge from fellow Democrat James Talarico, while Cornyn will contend with Texas Attorney General Ken Paxton among others. The primary season is critical as it features elections that could reshape Congress, with all 435 House seats and 33 Senate seats contested. In a previous election cycle, committees like Fairshake, which is affiliated with the crypto sector, heavily invested in campaigns, contributing to what advocates called the most pro-crypto Congress in history.
Despite claiming not to accept corporate PAC money for her current campaign, Crockett has received support from crypto-backed committees through media strategies. In January, Fairshake reported having $193 million ready for the midterms, signaling a continued strong interest from the crypto industry in influencing legislative outcomes.