Blockchain Advocates Target Local Elections After Trump and Congress Wins
As the 2025 New Jersey gubernatorial race heats up, crypto’s growing political influence is again being tested, this time at the state level. Following major industry-backed wins in the 2024 federal elections, digital asset supporters are now looking to shape local leadership.
On June 5, three candidates addressed a crypto-focused voter rally hosted by advocacy group Stand With Crypto, just days before New Jersey’s June 10 primary elections.
Candidates Pitch Blockchain Vision to Web3 Voters
At the rally, Jersey City Mayor Steven Fulop, a Democratic candidate, emphasized the potential of crypto to transform finance:
“Cryptocurrency is an important part of the future of this country and the economic system of the world,” Fulop stated, referencing backing from the state’s pension board.
Also present were Democratic Representative Josh Gottheimer and Republican candidate Bill Spadea, a former radio host. Spadea voiced broader support for blockchain:
“I support crypto. More importantly, I support the whole concept of blockchain technology reforming and revamping our government,” he said.
Stand With Crypto and Industry PACs Play Key Roles
Though over 300,000 New Jersey voters have already cast early ballots, Stand With Crypto reports its 60,000+ registered members could influence tight races — both in the June primary and the November general election.
The group has not yet spent any funds in this race, but it has indicated it may endorse and support a candidate closer to the general election. Its political action committee (PAC) launched in May 2024 and is expected to be active through the 2025 election cycle.
Meanwhile, Federal Election Commission (FEC) data shows that crypto-backed PACs have already supported Josh Gottheimer in other races. The PACs Fairshake and Protect Progress spent over $240,000 supporting him during the 2024 Democratic primary. Gottheimer also received donations from prominent crypto figures, including the Winklevoss twins and Coinbase CEO Brian Armstrong.
Crypto’s Election Strategy Evolves Beyond Washington
The New Jersey governor’s race marks a new chapter in crypto’s political engagement, transitioning from federal races to high-stakes state-level contests. It follows April’s Florida special elections, where Fairshake affiliates spent more than $1.5 million supporting pro-crypto candidates.
This race could serve as a bellwether for how the digital asset industry will navigate future state elections across the U.S.