Crypto-loving U.S. congressional candidate, Michelle Bond, has lost her bid to become the Republican candidate for her district in New York.
Bond got less than 30% of the vote in the Tuesday election.
Bond runs the Association for Digital Asset Markets, a group famous for its crypto-friendly agenda.
Bond could not leverage her heavy crypto industry support and she joins several other crypto-friendly candidates to lose in congressional primaries.
Despite Bond’s impact on the Association of Digital Assets Market, crypto was never an outward focus of her campaign.
Bond appeared to be pro-Trump, courting support from the former president’s son, Donald Trump Jr.
Bond touted the mainstays of the “Make America Great Again” movement whilist professing her anti-abortion, tough-on-immigration, pro-police stance.
By early this month, Bond recorded a significant $1.1 million in campaign contributions.
Though about $800,000 of that came from her own pocket, according to federal campaign filings, more than $300,000 was donated by other individuals, including a list of prominent crypto and finance names – among them, several executives from FTX and related Alameda Research.
Bond’s boyfriend and regular companion on the campaign trail is Ryan Salame, the co-CEO of FTX Digital Markets.
Other Bond supporters included Daniel Gallagher, a former commissioner at the Securities and Exchange Commission who is chief legal officer at Robinhood, several executives from Multicoin Capital, and a number of lobbyists and lawyers.