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A Democrat supported by a crypto-aligned political action committee tied to a Ripple co-founder won a Colorado primary on Tuesday and will advance to the November general election.
The PAC committed $1 million to at least one candidate across Colorado's Democratic and Republican primary contests, both of which concluded Tuesday.
A Crypto-Funded PAC Scores Its First Colorado Win The result marks a concrete return on political spending by a PAC backed by one of Ripple's founders — the company behind the $XRP token.
The source of the $1 million in PAC funding is directly linked to that co-founder, though the source does not name the individual, the PAC, or the specific Colorado race involved.
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