Crypto-backed PACs poured millions into Texas runoffs, helping oust a senior Democrat and boost GOP hopefuls as Congress rewrites US crypto and stablecoin rules.

Endorsements and more than $8 million in advertisements from the crypto industry could influence Texas voters going into Tuesday runoffs for the state’s US House and Senate races.

Industry-backed PACs supported Democratic and Republican candidates alike, underscoring digital assets’ growing role as a cross-party electoral force.

Crypto-backed PACs poured millions into Texas runoffs, helping oust a senior Democrat and boost GOP hopefuls as Congress rewrites US crypto and stablecoin rules.