Digital assets influence Texas elections: U.S. mining companies support senator Ted Cruz ahead of upcoming elections.
A political action committee (PAC) associated with leading Bitcoin mining companies has launched advertising efforts supporting Senator Ted Cruz at the start of early voting in Texas for the upcoming elections. The Bitcoin Voter PAC, whose board members include executives from companies like Marathon Digital Holdings, CleanSpark and Riot Platforms, has released an advertisement highlighting Cruz’s stance on Bitcoin and related technologies.
PAC objectives
Established in June, the advocacy group aims to identify potential digital asset voters and influence outcomes in key elections. According to the group’s website, “The Bitcoin Voter PAC is committed to helping elect Bitcoin champions who want to protect U.S. innovation and bring sound monetary policy to the American people.” Although the Bitcoin Voter PAC expresses support for candidates like Cruz, Federal Election Commission records show that as of September 30, no financial contributions or PAC expenditures for the 2024 elections had been documented.
Texas elections
In Texas, the decision of over 18 million registered voters will determine whether to re-elect Senator Ted Cruz, who has served since 2013, or elect Democratic Representative Colin Allred. Allred has represented Texas’s 32nd congressional district since 2019. Early voting began on October 21, with polling data indicating Cruz maintains a modest lead over Allred. Historically, Texas has had Republican senators since 1993.
Support for other candidates
In addition to supporting Cruz, the Bitcoin Voter PAC has directed funds toward advertising efforts for other candidates, such as Donald Trump in Pennsylvania. The promotion of Cruz focuses on his recognition of Bitcoin’s potential in promoting economic freedom and power grid stability, as reported by the Texas Blockchain Council (TBC).
The TBC announced its support for Cruz in August. TBC President Lee Bratcher acknowledged that while Allred has shown a favorable position toward cryptocurrencies, Cruz’s “unapologetically” support for digital asset policies was a key factor that secured the group’s backing.
Beyond the political scene, Texas has become a crucial state for the digital asset industry, particularly in Bitcoin mining. Companies like Riot Platforms and Core Scientific have established significant operations within the state.
