Crypto

Crypto-Backed Oregon Congressional Candidate Lost to Andrea Salinas Despite $13 Million in Backing

Oregon’s new congressional district saw unprecedented spending—with more than $13 million spent by national super PACS to try to elect an outsider, Carrick Flynn.

As of Tuesday night, Flynn appeared to have lost. Early returns showed him training state Rep. Andrea Salinas, 41% to 19%, although only a portion of ballots cast had been counted. Cook Political, a nonpartisan outlet, called the race for Salinas.

The outside money poured into Oregon in unprecedented ways, as seven notable Democrats sought the party’s nomination for Oregon’s new, sixth congressional district.

Protect Our Future PAC spent more than $11 million, much of it from cryptocurrency billionaire Sam Bankman-Fried, to support Flynn, a political newcomer. In the race’s final days, the super PAC spent more than $800,000 to attack Salinas.

Flynn’s apparent loss was also a defeat for the national Democrat’s House Majority PAC, linked to House Speaker Nancy Pelosi, which invested nearly a million on Flynn.

With multiple candidates, a small number of votes could spell victory; a majority is not required to win. Also in the race: Dr. Kathleen Harder, of Salem; former Multnomah County Commissioner Loretta Smith; state Rep. Teresa Alonso Leon, Intel engineer Matt West; along with repeat candidate Cody Reynolds. Smith and Reynolds both garnered about 10% of early returns.



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