Crypto Funding Falls Short In New Jersey Gubernatorial Primaries
In New Jersey's gubernatorial primaries, contributions from cryptocurrency traders and interest groups are minimal compared to the 2024 federal races. Filings reveal no significant PACs funded by crypto entities supporting any of the 12 candidates. Notable contributions include $500 to Josh Gottheimer from MARA Holdings' VP, $900 to Jon Bramnick from Block's analyst, $500 to Steve Fulop from a Coinbase consultant, and $2,000 to Ras Baraka from Decimal Digital Currency's CEO. Total donations linked to crypto amount to roughly $4,000, significantly lower than the $130 million spent by crypto PACs in congressional races. Despite limited financial involvement, the crypto advocacy group Stand With Crypto organized a rally for candidates supportive of digital assets. The gubernatorial primary is projected to be New Jersey's most expensive election, with over $85 million spent, though no crypto funding is reported for Gottheimer's campaign.
