Crypto PAC Fairshake loses Detroit primary race despite wins elsewhere

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The cryptocurrency industry's top political action committee, Fairshake, suffered a rare defeat after spending $2 million in a Detroit Democratic primary election. The candidate backed by the PAC failed to secure a win in that contest. However, Fairshake-supported candidates achieved victories in other races across the country. Despite the Detroit setback, the overall outcome suggests the number of crypto-friendly lawmakers in Congress is likely to increase following the elections.

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