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The Guardian - US

Technology

Guardian staff and agency

Cryptocurrency firms suffer heavy losses in Illinois primaries after spending big

Crypto Illinois Cryptocurrency JB Pritzker Juliana Stratton Fairshake Jesse Jackson Jr La Shawn Ford

a crypto coin — In this photo illustration the Litecoin cryptocurrency logo is shown on a coin. Photograph: Thomas Trutschel/Photothek/Getty Images

The cryptocurrency industry spent big and lost often in this week’s Illinois primaries.

As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics.

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