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Fairshake backs 32 House candidates after crypto bill stalls

Fairshake named 32 House candidates for midterm support, including six set for $1 million each, after the Senate blocked crypto market-structure legislation.

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Fairshake backs 32 House candidates after crypto bill stalls

Fairshake said Monday, Oct. 5, it will support 32 House candidates in November’s midterm elections, including six who will each receive $1 million in planned spending, after the Senate blocked a crypto market-structure bill. The Associated Press report said the slate includes 19 Republicans and 13 Democrats, all supporters of legislation prioritized by the crypto industry.

Which House candidates are set for $1 million?

Fairshake plans $1 million in support each for Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan, and Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, according to Roll Call’s report on the PAC’s announcement. Fairshake did not disclose how much it plans to spend on the other 26 candidates.

The wider slate includes House leaders and committee chairs from both parties. Roll Call reported that it includes Democratic Caucus Chair Pete Aguilar, Republican Majority Whip Tom Emmer and Ways and Means Chairman Jason Smith.

What legislation stalled in the Senate?

The House passed the CLARITY Act, a digital-asset market-structure bill, in July 2025. The Senate blocked it in September 2026 after lawmakers failed to agree on ethics safeguards, including rules addressing public officials’ crypto ventures, Roll Call reported.

The legislation aimed to establish rules for digital-asset markets and divide oversight between federal regulators. Fairshake’s spending comes as the industry seeks a Congress more likely to advance its regulatory priorities.

How much more could Fairshake spend?

Fairshake has not said whether it will spend more on House or Senate races before November. The PAC and its affiliates reported about $120 million in cash on hand at the end of August, according to the Associated Press.

Fairshake also announced in September that it planned nearly $30 million in spending against Democratic Senate candidate Sherrod Brown in Ohio. Brown is challenging Republican Sen. Jon Husted.

Sources and documents