According to Cointelegraph, a Michigan incumbent congressman, who received substantial funding from the cryptocurrency industry, lost in the Democratic primary. In the Democratic primary for Michigan's 13th congressional district, progressive candidate Donovan McKinney secured 51.9% of the votes, defeating two-term incumbent Representative Shri Thanedar. Representative Thanedar, based on his pro-crypto legislative activities, received over $2 million in media advertising funds from a Super PAC sponsored by Coinbase, Ripple, and others. Candidate McKinney reportedly garnered votes by strongly criticizing the crypto industry's financial power as "lobbying for corporate interests."
