A political committee started by the co-founders of the crypto exchange Gemini has spent $81K on advertising in the Texas Senate race. Cointelegraph reported the purchase on Oct 22, 2026. It is one of the committee's first moves into Texas.
The Texas buy comes after crypto-aligned PACs increased their spending in Ohio. The report presents Texas as new ground for the Winklevoss committee, while Ohio has already seen more crypto money.
The available report does not say which candidate the ads support or oppose, what the ads say, or when they will run. It also does not say whether the committee plans to spend more in Texas. Those points are not yet known.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. An $81K political ad buy does not change funding rates, trading fees or order-book liquidity on any of these exchanges. It is a political spending story, not a market-structure one.
Source: cointelegraph — Winklevoss PAC moves into Texas Senate race with $81K ad buy