PANews reported on June 11 that according to Cointelegraph, the scale of cryptocurrency industry funding in the New Jersey gubernatorial primary has shrunk significantly. Election documents show that only about $4,000 in personal donations related to the crypto industry were received by 12 candidates from both parties, including: the vice president of investor relations of mining company MARA Holdings donated $500 to Democratic candidate Josh Gottheimer; Block analyst donated $900 to Republican candidate Jon Bramnick; Coinbase consultant donated $500 to Democratic candidate Steve Fulop; local mining company Decimal Digital Currency CEO donated $2,000 to Democratic candidate Ras Baraka.

This figure is far lower than the political investment of the crypto industry during the 2024 federal elections - Fairshake PAC alone invested more than $130 million in the congressional elections. Although the crypto advocacy group Stand With Crypto held voter mobilization activities, its PAC has not yet funded any gubernatorial candidates. AdImpact data shows that the total expenditure of this primary election exceeded $85 million, setting a state record, but crypto funds accounted for a negligible proportion.