GOP Leaders Intervene to Halt Crypto PAC's $1.75M Texas Primary Ad Spend

News Flash 2026-04-24 18:55

Republican leaders reportedly contacted Commerce Secretary Howard Lutnick to prevent a crypto-focused super PAC, backed by his former company Cantor Fitzgerald, from spending $1.75 million in support of Ken Paxton in the Texas primary. The PAC's involvement in the crucial intra-party contest between Paxton and Senator John Cornyn raised concerns within the party. Ultimately, the planned ad campaign did not proceed, and related political actions appear to have been paused.

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