Ripple Co-founder’s PAC helps elect Democrat in Colorado primary

A Democratic candidate in Colorado’s 8th congressional district, Manny Rutinel, has won his party’s primary and will face the general election in November after receiving support from crypto-aligned political groups. Rutinel reported early Wednesday that he captured the nomination with 61.7% of the vote against Shannon Bird’s 33.6%.

Before the primary, the You Can Push Back Super PAC—backed by $3.5 million from Ripple Labs co-founder Chris Larsen—reportedly spent $1 million on media to help Rutinel’s campaign, according to The Guardian. Rutinel also holds a “strongly supports crypto” rating from the Coinbase-affiliated Stand With Crypto organization, which said its score is based on his answers regarding stablecoins, market structure and regulatory clarity. Coinbase is meanwhile listed as a major contributor to Fairshake PAC, another crypto-backed political committee supporting candidates described as “pro-crypto” in the 2026 cycle.

Key takeaways

• Manny Rutinel won the Colorado 8th district Democratic primary with 61.7% of the vote, setting up a November general election.
• Crypto-aligned political spending is part of the campaign backdrop, including reported Super PAC media buys linked to Chris Larsen.
• Rutinel has received a high rating from Stand With Crypto, an advocacy group tied to Coinbase.
• Consumer advocacy group Public Citizen reported the crypto industry has spent about $189 million so far to influence the 2026 elections, mostly through PACs.
• A new poll indicates many Americans across party lines worry crypto donors have too much influence over lawmakers and crypto rules.

Crypto-aligned backing meets campaign momentum in Colorado

Rutinel’s primary win consolidates a political lane that increasingly intersects with cryptocurrency policy. In the materials surrounding his candidacy, Stand With Crypto—affiliated with Coinbase—has emphasized Rutinel’s stated positions on topics central to current crypto regulation debates, including stablecoins and the clarity of market and regulatory frameworks.

Stand With Crypto’s rating, along with the broader Fairshake ecosystem, signals how major industry players and aligned PACs are attempting to translate policy positions into electoral outcomes. Rutinel’s campaign is therefore occurring not in isolation, but within a larger pattern of crypto-focused political advocacy aiming to shape how lawmakers approach enforcement, market rules and regulatory standards.

Cointelegraph reached out to a spokesperson for You Can Push Back for comment but did not receive an immediate response.

Spending race around the 2026 elections draws scrutiny

The Colorado race is unfolding amid continued political spending tied to crypto. On Tuesday, Public Citizen said the cryptocurrency industry had spent about $189 million so far to influence the 2026 US elections, largely through PACs, according to an earlier Cointelegraph report.

Public Citizen’s framing suggests the industry is repeating a strategy used in the 2024 cycle: deploy political spending through aligned committees to support candidates seen as favorable to crypto policy goals. For investors and builders in the sector, this matters because electoral outcomes can affect how aggressively regulators pursue enforcement, how quickly legislation moves, and whether policy proposals emphasize consumer protection, market structure, or both.

Voters question the industry’s access to lawmakers

While crypto-aligned groups are backing candidates, public concern about influence in Washington is also rising. A new poll commissioned by Americans for Financial Reform, released on Wednesday, found that a majority of Americans are concerned about the influence the crypto industry has on US lawmakers, according to the group’s press release.

The poll’s release followed disclosures tied to President Donald Trump’s cryptocurrency investments. Cointelegraph previously reported that filings showed Trump profited by more than $1.4 billion from crypto investments, according to Cointelegraph coverage.

Americans for Financial Reform associate director of crypto and fintech Mark Hays said voters have “serious crypto corruption” concerns, pointing to reported profits for high-ranking officials alongside losses and scams experienced by everyday people. Hays argued that voters want crypto companies to follow the same kinds of rules as other financial businesses rather than receiving special privileges.

When asked about potential conflicts of interest, White House Deputy Press Secretary Anna Kelly said on Tuesday that neither Trump nor his family “has ever engaged — or will ever engage — in conflicts of interest.”

What to watch as crypto politics heads toward November

Rutinel’s nomination win highlights how crypto policy advocacy is increasingly tied to electoral results—both through candidate endorsements and through political committee activity. With Public Citizen describing large, PAC-driven spending and a fresh poll showing broad voter unease about industry influence, the key uncertainty going into November is whether lawmakers respond to pressure through tougher regulation, clearer market rules, or a reassessment of how the political process interacts with financial oversight.