Chris Larsen-Backed PAC Spends $1 Million as Manny Rutinel Wins Colorado Democratic Primary

Chris Larsen-Backed PAC Spends $1 Million as Manny Rutinel Wins Colorado Democratic Primary

N
News Editor 01
2026-07-22 17:45:14
A crypto-linked super PAC backed by Ripple co-founder Chris Larsen spent $1 million to support Manny Rutinel, who won Colorado's 8th District Democratic primary with 60.9% of the vote and now faces Republican Gabe Evans in November.
RippleChris LarsenPACUS electionsColorado

A political action committee backed by Ripple co-founder Chris Larsen emerged as a visible force in Colorado’s 8th Congressional District Democratic primary. The crypto-linked super PAC You Can Push Back put $1 million behind Manny Rutinel, helping him secure the nomination in one of the most competitive House races in the United States.

Rutinel defeated former state Representative Shannon Bird with 60.9% of the vote. The result brought renewed attention to the political reach of crypto industry figures, especially as digital asset executives keep directing large sums into key federal contests.

Latino voter support strengthened the winning coalition

Money was not the only factor in Rutinel’s win. The report says he drew strong support from Latino voters, a group that makes up about 40% of the district’s population. That base formed an important part of the coalition that carried him past Bird by a comfortable margin.

His campaign leaned on progressive priorities while broadening outreach across the district’s diverse electorate. With the primary settled, attention has shifted quickly to the general election in November, where both parties are preparing for another close contest.

General election battle now turns to outside spending

Rutinel will next face Republican Representative Gabe Evans, who currently holds the seat. Political analysts continue to rank Colorado’s 8th District among the most competitive House races in the country, making outside spending a central feature of the campaign.

Republican strategists argue that Rutinel’s progressive record may create openings in a politically divided district. GOP groups have also circulated campaign material focused on his appearances with prominent democratic socialist figures, including New York City Mayor Zohran Mamdani.

On fundraising, Evans enters the next stage with an advantage. Reports say he has already raised about $3.4 million to defend the seat. Democrats are also committing major resources, with their leading House super PAC reserving millions of dollars in advertising ahead of the vote.

Policy shifts and crypto money will stay in focus

As the race moves forward, Rutinel has adjusted several policy positions. He has moved away from his earlier support for Medicare for All and softened his prior opposition to fracking, a sign that his campaign is trying to appeal to moderate and independent voters.

Larsen’s super PAC has drawn attention for expanding its role in campaigns beyond issues tied directly to the crypto sector. Its $1 million investment in Rutinel highlights how digital asset executives are widening their footprint in federal elections. That makes crypto-backed political groups a force likely to remain visible through the 2026 election cycle.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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