Winklevoss PAC Enters Texas Senate Contest With $81,000 Ad Buy

Digital Freedom Fund, the super PAC established in 2025 by Gemini co-founders Cameron and Tyler Winklevoss, reported its first independent expenditures in the Texas US Senate race, according to a filing with the US Federal Election Commission (FEC) ¹. The committee disbursed more than $81,000 on direct mail media opposing Democratic candidate James Talarico and backing Republican nominee Ken Paxton, following the start of early voting in Texas on Oct. 19 ¹. As of Sept. 30, Digital Freedom Fund had accumulated roughly $34 million in total fundraising, targeting races across Texas, Ohio, and Iowa ¹.

The Texas intervention follows primary support for Paxton earlier in the year, when the Anchorage Digital- and Cantor Fitzgerald-backed Fellowship PAC directed $500,000 into advertising ahead of his primary victory against incumbent Senator John Cornyn ¹. Those earlier buys ran through Nxum Group, a marketing agency co-founded by Bo Hines, who previously served as a crypto policy adviser to former President Donald Trump before becoming CEO of Tether US ¹. Digital Freedom Fund also expanded its position in the Ohio Senate race, adding expenditures that brought its aggregate backing of Republican Jon Husted against Democratic incumbent Sherrod Brown to approximately $7 million ¹.

Escalating Industry Spending in Midterm Races

The late capital deployment highlights an aggressive push by industry political organizations seeking favorable congressional majorities to advance federal market structure legislation, including the Digital Asset Market Clarity Act, which stalled during a procedural Senate vote last month ¹. Industry-aligned groups have deployed capital across multiple competitive states, a playbook echoing earlier actions where other committees, including Crypto PAC Protect Progress, backed candidates across regional battlegrounds ¹.

Outside of Digital Freedom Fund, Fairshake—funded primarily by Coinbase, Ripple Labs, and Andreessen Horowitz—disclosed more than $13 million in fresh direct mail spending ¹. That package directed $9 million to back Husted in Ohio and over $4 million to oppose Independent Dan Osborn in Nebraska, elevating Fairshake's cumulative Ohio allocation to roughly $56 million ¹. Meanwhile, the Senate Leadership Fund received over $150 million from Elon Musk and transferred an equivalent sum to the Texas PAC, which has simultaneously run media backing Paxton ahead of the Nov. 3 general election ¹.