A crypto-backed super PAC is launching a $1.5 million campaign to oppose Representative Al Green in Texas’s upcoming Democratic primary, marking one of the digital asset industry’s first major spending moves ahead of the 2026 midterm elections.
Protect Progress, a federal super PAC affiliated with the crypto political organization Fairshake, announced Wednesday that it will fund advertising and voter outreach efforts aimed at unseating Green. The longtime Houston-area lawmaker has served in Congress since 2005 and sits on the powerful House Financial Services Committee.
Dispute Over Crypto Legislation
The group’s decision centers on Green’s voting record on digital asset policy.
Protect Progress cited his opposition to several high-profile crypto bills, including the Financial Innovation and Technology for the 21st Century Act, which failed to pass into law, and the Digital Asset Market Clarity Act, which remains under consideration. The PAC also pointed to Green’s stance on the GENIUS stablecoin bill that passed earlier this year.
In addition, the group highlighted his support for keeping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 in place. That guidance limited how banks could hold digital assets on behalf of customers, a position widely criticized within the crypto industry.
“As a member of the Financial Services Committee, Representative Al Green has decided to try and stop American innovation in its tracks,” Fairshake spokesperson Josh Vlasto said in a statement announcing the campaign.
A Longstanding Skeptic of Crypto
Green has consistently voiced concerns about cryptocurrency. Over the years, he has questioned the industry’s environmental impact and warned that widespread adoption of digital assets could weaken the U.S. dollar’s global role.
At a House hearing last year, Green dismissed claims that federal regulators had pressured banks to distance themselves from crypto firms, referring to the phrase “Operation Choke Point 2.0” as a “made-up statement.”
However, subsequent congressional inquiries and lawsuits from industry participants brought renewed scrutiny to allegations that some banks faced regulatory pressure when working with crypto-related businesses.
Green is running in a newly redrawn Houston-area district following Texas redistricting. He faces Democratic challenger Christian Menefee, who recently won a special election and has received positive assessments from crypto advocacy groups.
Fairshake’s Growing Political Influence
The spending push reflects the increasing political engagement of crypto-focused organizations.
Fairshake and its affiliated committees reported holding roughly $193 million in cash earlier this year, fueled by fundraising from major industry players such as Coinbase, Ripple, and venture capital firm Andreessen Horowitz.
During the 2024 election cycle, Fairshake and aligned groups spent tens of millions of dollars supporting candidates viewed as favorable to clearer digital asset regulations. The organization has signaled that it will continue backing candidates who support crypto-friendly policies while challenging those it considers resistant to the industry’s goals.
A Sign of Things to Come
The move against Green suggests that digital asset interests are preparing to play an assertive role in shaping U.S. financial policy through electoral politics. As lawmakers debate how to regulate cryptocurrencies and stablecoins, industry-backed groups appear ready to invest heavily in races they see as pivotal.
With the 2026 midterms approaching, the Texas primary may offer an early glimpse into how influential crypto funding could become in national politics.
