Crypto industry spends $12.1M backing Barry Moore in Alabama Senate primary

Representative Barry Moore defeated Jared Hudson in Alabama's Republican primary runoff for a federal Senate seat, delivering a win in a race where crypto-industry money played a major role. Fairshake said it spent more than $12 million in the contest, describing the Alabama effort as its biggest spend of the cycle, while still holding nearly $150 million in cash to support pro-crypto candidates. Earlier reporting put Fairshake and affiliated spending in the race at about $12.1 million, including $9.8 million on television ads, with disclosures showing $7.4 million spent before the May 20 primary and another $4.7 million before the runoff. The result highlights how digital asset-focused political groups are using large independent expenditures in U.S. elections ahead of additional state primaries.

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