Crypto PACs Spend Over $3 Million in Maryland Primaries

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 03 2026

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Surge in Crypto PAC Spending: According to records from the U.S. Federal Election Commission, Protect Progress spent approximately $3 million supporting Democratic candidates in California and New Jersey, indicating a rising influence of the cryptocurrency sector in elections.
Maryland as a Focus: Protect Progress allocated over $3.1 million for media campaigns supporting Democrat Adrian Boafo in Maryland's 5th district, highlighting the significance of this primary for crypto PACs.
Targeting Anti-Crypto Legislators: Fairshake has made it clear that its mission is to remove congressional members deemed anti-crypto, having successfully supported candidates in Texas primaries, demonstrating the effectiveness of its strategy.
CLARITY Act Progress: The CLARITY Act has advanced on the legislative calendar in the U.S. Senate, having passed both the Agriculture and Banking Committees, with upcoming debates and votes that could shape the regulatory framework for digital assets.

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Technical Analysis for LINK

Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainlink (LINK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	5.828	6.422	6.988	7.582	8.148	8.742	9.308
Fibonacci	6.422	6.865	7.139	7.582	8.025	8.299	8.742

About LINK

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.To learn more about this project, check out our deep dive of Chainlink.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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