Winklevoss-backed PAC spends over $81,000 in Texas Senate race

$81,000 mail ads enter the Texas Senate race

A Super political action committee (a group that can raise and spend money to support or oppose candidates) launched by Gemini co-founders Cameron and Tyler Winklevoss has spent more than $81,000 on direct mail ads in the Texas U.S. Senate race.

According to a filing with the U.S. Federal Election Commission, the Digital Freedom Fund is using those ads to support Republican Ken Paxton and oppose Democratic candidate James Talarico. Early voting in Texas began on Oct. 19, with Election Day set for Nov. 3.

Crypto-aligned spending spreads to other states

• Texas: Over $81,000 in direct mail to support Paxton and oppose Talarico.
• Ohio: The Digital Freedom Fund reported about $7 million total in media purchases backing Republican Jon Husted against Democrat Sherrod Brown.
• Nebraska: Fairshake, a separate PAC largely funded by Ripple, Coinbase, and Andreessen Horowitz, reported over $4 million to oppose Independent candidate Dan Osborn. The same filing showed over $9 million to support Husted in Ohio.

Past support and reported ties

Paxton had already received $500,000 in supportive ads ahead of the May Republican primary from the Fellowship PAC, which is backed by Anchorage Digital and Cantor Fitzgerald. Those ads ran through Nxum, a marketing company co-founded by Bo Hines, a former crypto adviser to President Donald Trump who later became CEO of Tether US.

A Wall Street Journal report cited in the source states that Nxum received $6.3 million from Tether, with the first payment going through while Hines was still at the White House. The source presents this as reported information.

Policy context around the races

The source notes that prediction markets (platforms where people trade contracts on event outcomes) currently favor Democrats taking majority control of the House and Senate in 2027. According to the report, that could have an impact on legislation such as the Digital Asset Market Clarity Act, a market structure bill that failed a procedural vote in the Senate last month.

What is confirmed

The confirmed facts from the filings are the spending amounts, the candidates, the states involved, and the voting timeline for Texas. Details about Nxum's payments and market predictions are reported by cited sources, but remain reported context rather than confirmed outcomes.

Sources

• Cointelegraph