The recent primary election in New York's 16th Congressional District has sent a clear message to politicians who oppose the cryptocurrency industry. Jamaal Bowman, a vocal critic of crypto, lost his bid for re-election to George Latimer, the Westchester County Executive.

Bowman, who has consistently voted against pro-crypto legislation, faced a well-funded challenge from Fairshake, a super PAC that supports crypto-friendly candidates. Fairshake spent $2 million on ads opposing Bowman, a significant factor in his defeat.

The crypto community has been actively supporting pro-crypto candidates in the run-up to the 2024 US elections. Super PACs like Fairshake have raised over $100 million to promote candidates who are open to innovation and job creation in the crypto and blockchain industry. These PACs have received substantial investments from major players like Coinbase and Ripple.

The race between Bowman and Latimer attracted a staggering $25 million in ad spending, with $15 million coming from the United Democracy Project, a super PAC associated with the American Israel Public Affairs Committee. This has drawn criticism from Bowman's ally, Alexandria Ocasio-Cortez (AOC), who called it "corruption" and a "threat to American democracy."

However, crypto industry players are celebrating Bowman's defeat, sending a clear message that opposing the crypto market will not end well for politicians. The 2024 US elections are shaping up to be a crucial battleground for the crypto industry, with pro-crypto candidates expected to gain significant support from the crypto community.