Voters in California's 32nd congressional district are receiving anti-crypto mailers linked to Representative Brad Sherman ahead of the Democratic primary. Superstate CEO Robert Leshner publicly accused Sherman of deploying the mailers as part of his reelection campaign. Crypto advocates have sharply criticized the materials, signaling a growing political fight over digital assets in Washington.
What the mailers say
The mailers target cryptocurrency, painting it as a threat to consumers or the financial system — though exact wording from the facts is not available. What is clear is that Sherman, a long-time crypto skeptic on the House Financial Services Committee, is leaning into that stance to rally voters. The 32nd district covers parts of Los Angeles County, including Sherman Oaks and surrounding areas.
Leshner's accusation
Robert Leshner, CEO of Superstate — a firm focused on tokenized Treasury funds — didn't hold back. He accused Sherman of using the anti-crypto mailers to score political points. Leshner is a prominent voice in the crypto industry, and his public criticism adds weight to the backlash. The timing matters: the primary election is just days away.
Why this is a flashpoint
Sherman has been one of Congress's most vocal crypto critics, often calling for tighter regulation or outright bans. These mailers show he's willing to make digital assets a wedge issue in his own district. For the crypto industry, which has been pushing for clearer rules and friendlier lawmakers, seeing a sitting representative weaponize anti-crypto sentiment is a warning sign. The outcome of the primary could signal how much political mileage there is in bashing crypto — or whether it backfires.
Primary day in California is June 2, 2026. That's two days from now. Voters in the 32nd will decide whether Sherman keeps his seat, and the crypto crowd will be watching closely.
