- New Jersey governor candidates addressed crypto-focused voters ahead of the June 10 party primaries.
- Major candidates from both parties at the rally voiced support for cryptocurrency and blockchain technology.
- Political action committees and industry figures have contributed to at least one candidate’s campaign.
- Over 300,000 voters in New Jersey have already cast their ballots early.
- The crypto industry’s involvement in New Jersey could signal its influence in future U.S. elections.
Registered voters in New Jersey will soon choose their party’s candidates for the state’s 2025 governor’s race. On June 5, one Republican and two Democratic candidates spoke about cryptocurrency at a voter rally organized by the advocacy group Stand With Crypto, held just days before the party primaries.
More than 300,000 residents have already voted early, according to reports. The primary race remains close, with notable political participation from the state’s 60,000 crypto-focused voters registered with Stand With Crypto.
At the event, Jersey City Mayor Steven Fulop, a Democratic candidate, said, “I believe and the [state pension] board believes that cryptocurrency is an important part of the future of this country and the economic system of the world.” Republican candidate and radio host Bill Spadea said, “I support crypto. More importantly, I support the whole concept of blockchain technology reforming and revamping our government.” Democratic Representative Josh Gottheimer also attended the rally.
The current governor, Phil Murphy, cannot seek re-election because he is completing his second term. The crypto industry’s involvement in political campaigns grew in 2024, with the cryptocurrency-backed PAC Fairshake and affiliate Protect Progress spending over $240,000 to support Gottheimer in his primary bid, according to Federal Election Commission data. Industry leaders like Cameron and Tyler Winklevoss and Coinbase CEO Brian Armstrong contributed to Gottheimer’s campaign.
Stand With Crypto formed its own PAC in May 2024 but has not yet spent funds on New Jersey’s gubernatorial candidates, though this could change before the November general election. The involvement of crypto organizations and PACs in New Jersey follows recent industry support for “pro-crypto” candidates in federal and state races, including special elections in Florida.
A related development in New Jersey includes a plan to tokenize $240 billion in property deeds, further highlighting the state’s growing interest in blockchain technology. As the June 10 primary approaches, the outcome may reflect the influence of crypto voters and set a tone for future political races involving digital assets. For more details on early voting trends, see the report from NJ Spotlight News.
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