Winklevoss PAC moves into Texas Senate race with $81K ad buy

Digital Freedom Fund, the Super political action committee (PAC) launched by Gemini co-founders Cameron and Tyler Winklevoss in 2025, announced additional expenditures for US Senate races in the 2026 midterm elections, attempting to influence voters in Texas, Iowa and Ohio.

In a Tuesday filing with the US Federal Election Commission (FEC), the Digital Freedom Fund reported its first spending on ads to support Republican candidate Ken Paxton for one of Texas’ Senate seats. According to the PAC, it had spent more than $81,000 on direct mail media to support Paxton and oppose Democratic candidate James Talarico, with early voting having already begun in the state.

The Winklevoss-backed Super PAC, which reported raising about $34 million as of Sept. 30, did not limit its spending to Texas, reporting involvement in other key midterm election races using ads. Digital Freedom Fund reported additional expenditures in Ohio’s Senate race between Republican Jon Husted and Democrat Sherrod Brown, bringing the PAC’s total support for Husted to about $7 million.

The expenditures into candidates that could support crypto policies and laws come as event contracts on prediction market platforms Kalshi and Polymarket heavily favored Democrats retaking majority control of the House of Representatives and Senate in 2027. Whichever party holds a majority in each chamber would have a significant impact on passing legislation like the Digital Asset Market Clarity Act, a market structure bill that failed to pass a procedure vote in the Senate last month.