The primary political action committee in the cryptocurrency sector recently directed significant support to Republican candidates in Florida’s special elections for the U.S. House of Representatives. Both candidates emerged victorious, further solidifying the party’s slim national majority.
These two Florida seats became available when President Donald Trump appointed the former officeholders to various roles within his administration. This included his national security advisor, Michael Waltz, and Matt Gaetz, who was initially chosen to be the attorney general but withdrew amidst allegations related to inappropriate conduct and associations with illegal drug use.
In these elections, Florida voters chose state Senator Randy Fine to fill Waltz’s seat and selected the state’s chief financial officer, Jimmy Patronis, to take Gaetz’s place. Both races attracted considerable attention and funding from both political parties given the critical nature of each seat in the closely divided House. Despite Democrats’ efforts, they were unable to convert these conservative regions to their side, although they did gain more support than during the recent 2024 elections.
An affiliate of the political action committee facilitated advertising in favor of the pro-cryptocurrency candidates, Patronis and Fine, throughout both the primary and general elections, including a last-minute investment of $1.5 million to bolster their chances of victory.
“We are excited to see two formidable advocates for innovation heading to Washington,” remarked a spokesperson in a statement. “Both leaders have demonstrated a strong dedication to fostering pro-growth initiatives and ensuring that the United States remains at the forefront of cryptocurrency and digital asset advancement.”
With the arrival of these two representatives in the House, there are now only two vacancies remaining following the passing of Democrat members from Texas and Arizona.