Ripple co-founder’s PAC helps Democrat win Colorado primary

cryptonews07-02

Manny Rutinel has won the Democratic primary for Colorado’s 8th Congressional District, setting up a November race against Republican incumbent Gabe Evans. Summary Manny Rutinel won Colorado’s ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRipple co-founder’s PAC helps Democrat win Colorado primary\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-02 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/ripple-co-founders-pac-helps-democrat-win-colorado-primary/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Manny Rutinel has won the Democratic primary for Colorado’s 8th Congressional District, setting up a November race against Republican incumbent Gabe Evans. \n\n\nSummary\n\n\n\nManny Rutinel won Colorado’s ...</p>\n\n<a href=\"https://crypto.news/ripple-co-founders-pac-helps-democrat-win-colorado-primary/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TEKX","symbol_name":"SPDR Galaxy Transformative Tech Accelerators ETF","start_time":0,"source_url":"https://crypto.news/ripple-co-founders-pac-helps-democrat-win-colorado-primary/","article_id":"2648350823","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ripple-co-founders-pac-helps-democrat-win-colorado-primary/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648350823","pubTimestamp":1782981615,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Manny Rutinel has won the Democratic primary for Colorado’s 8th Congressional District, setting up a November race against Republican incumbent Gabe Evans.Manny Rutinel won Colorado’s 8th District Democratic primary and will face Republican Gabe Evans in November.A PAC funded by Ripple co-founder Chris Larsen spent about $1 million supporting Rutinel’s campaign.The race adds to broadser scrutiny of crypto political spending before the 2026 U.S. midterms.The race drew attention from the crypto sector after a political action committee funded by Ripple Labs co-founder Chris Larsen spent heavily to support Rutinel. The spending placed the Colorado primary inside a broader national debate over how crypto-linked donors are shaping congressional races.Democrat backed by Ripple co-founder’s PAC wins Colorado primaryManny Rutinel, a Democratic candidate for Colorado's 8th congressional district, secured his party's primary victory. His campaign received $1 million in support from the You Can P","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","STCE":"Schwab Crypto Thematic ETF","BKCH":"AdvisorShares Sabretooth ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","BK4174":"机场服务","XRPI":"1倍XRP ETF-Volatility Shares","XRPR":"REX-OSPREY XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","XRPT":"2倍杠杆XRP ETF-Volatility Shares","PAC":"太平洋航空","BITQ":"Bitwise Crypto Industry Innovators ETF","XRPK":"T-REX 2x Long XRP Daily Target ETF","UXRP":"Proshares Ultra XRP ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","DIME":"CoinShares Altcoins ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","BITW":"Bitwise 10 Crypto Index ETF","DAPP":"VanEck Digital Transformation ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF"},"translate_title":"Ripple联合创始人的政治行动委员会帮助民主党赢得科罗拉多州初选","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRPT":0.6,"LFGY":0.9,"DIME":0.9,"STCE":0.9,"BKCH":0.9,"BITQ":0.9,"XXRP":0.6,"XRPR":0.6,"BITW":0.9,"GDLC":0.9,"UXRP":0.6,"PAC":1.5,"XRPI":0.6,"DAPP":0.9,"TEKX":0.9,"CRPT":0.9,"XRPK":0.6,"NCIQ":0.9},"content_text":"Manny Rutinel has won the Democratic primary for Colorado’s 8th Congressional District, setting up a November race against Republican incumbent Gabe Evans. \n\n\nSummary\n\n\n\nManny Rutinel won Colorado’s 8th District Democratic primary and will face Republican Gabe Evans in November.\nA PAC funded by Ripple co-founder Chris Larsen spent about $1 million supporting Rutinel’s campaign.\nThe race adds to broadser scrutiny of crypto political spending before the 2026 U.S. midterms.\n\n\n\nThe state representative defeated former state Rep. Shannon Bird in a closely watched contest for one of the most competitive House seats in the U.S.\nThe race drew attention from the crypto sector after a political action committee funded by Ripple Labs co-founder Chris Larsen spent heavily to support Rutinel. The spending placed the Colorado primary inside a broader national debate over how crypto-linked donors are shaping congressional races.\nRutinel’s win also comes as digital asset policy remains active in Washington. Lawmakers continue to debate market structure, stablecoin rules, and the role of crypto companies in political financing.\nRipple-linked PAC backed Rutinel\nRutinel won the Democratic nomination in Colorado’s 8th District, a seat that includes parts of Adams, Larimer, and Weld counties. The district includes Commerce City and Greeley, and Axios described it as Colorado’s most Latino congressional district.\n\nDemocrat backed by Ripple co-founder’s PAC wins Colorado primaryManny Rutinel, a Democratic candidate for Colorado's 8th congressional district, secured his party's primary victory. His campaign received $1 million in support from the You Can Push Back Super PAC, which is…— PiQ (@PiQMarkets) July 1, 2026\n\nLarsen’s You Can Push Back PAC provided nearly $1 million in support for Rutinel. The report said the primary became one of Colorado’s most expensive Democratic contests, with tech-linked donors also backing the progressive candidate.\nRutinel now moves to a general election against Evans. Democrats see the seat as a pickup target after Evans unseated Democrat Yadira Caraveo in 2024 by less than one percentage point.\nCrypto money becomes a campaign factor\nThe race adds another example of crypto-linked political spending entering competitive primaries. The PiQ Markets report said Rutinel received a “strongly supports crypto” rating from Stand With Crypto, based on positions tied to stablecoins, market structure, and regulatory clarity.\nAs reported by crypto.news, Ripple-backed PACs helped fuel record crypto election spending during the 2026 cycle. The report cited Public Citizen data showing crypto firms had contributed about $189 million so far, already topping the previous cycle months before Election Day.\nMoreover, Fairshake and allied PACs entered 2026 with large reserves from donors including Ripple, Coinbase, a16z, Gemini, Crypto.com, and Kraken. Those groups have backed candidates from both parties who support clearer digital asset rules.\nColorado race remains a general election test\nRutinel ran as the more progressive candidate in the primary. Axios reported that Bird conceded shortly after polls closed and called for Democrats to unite behind Rutinel against Evans.\nThe seat remains a major test for both parties. Republicans are expected to frame Rutinel as too progressive for a swing district, while Democrats will likely focus on affordability, immigration, and working-class issues.\nThe crypto angle may also stay in focus. Voters in the district will decide the race, but outside spending has already shaped how the contest is viewed nationally.\nCrypto PAC activity keeps expanding\nThe Colorado result follows other races where crypto-aligned groups spent heavily. Previously, crypto-aligned candidates gained ground in key Texas elections after PACs spent millions in runoff contests.\nIn addition, crypto.news also reported that Barry Moore won Alabama’s GOP Senate runoff after more than $12 million in support from pro-crypto PACs. Those races showed that industry spending is not limited to one party or one region.\nRutinel’s victory gives crypto donors another win in a competitive race, but the general election remains unresolved. The November contest will test whether PAC-backed primary strength can carry into a swing district where both parties plan to spend heavily.\n\n\n\n\n\n                Read more:\n            \n\n                Tennessee and Georgia begin enforcing crypto ATM restrictions","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.0","shortVersion":"4.45.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648350823","isCrawlerRequest":true}