Crypto-backed PAC helps Manny Rutinel reach November ballot in Colorado
Manny Rutinel won Colorado’s 8th Congressional District Democratic primary after a super PAC funded by Ripple co-founder Chris Larsen spent $1 million backing him, underscoring crypto-linked spending in a competitive U.S. House race.
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Summary
Democrat Manny Rutinel advanced to the November general election after winning Colorado’s 8th Congressional District primary with 61.7% of the vote. Before the election, the You Can Push Back Super PAC, funded by Ripple Labs co-founder Chris Larsen with $3.5 million, spent $1 million backing Rutinel. He also holds a "strongly supports crypto" rating from Coinbase-linked Stand With Crypto, highlighting how industry-aligned political groups are active in competitive U.S. congressional races.
Terms & Concepts
- super PAC: A U.S. political committee that can raise and spend unlimited sums independently to support or oppose candidates.
- PAC: Political action committee that raises and spends money on elections.
- XRP: Token associated with Ripple’s payments-focused crypto ecosystem.