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Fairshake names 32 House races for midterm support

Fairshake plans support for 32 House members, including six $1 million investments, as Senate crypto market-structure legislation remains stalled before November.

Blockfront Editorial

2 min read

Fairshake names 32 House races for midterm support

Fairshake on Monday, Oct. 5, named 32 House members it plans to support in November’s midterm elections, including six who will each receive $1 million in spending, according to The Associated Press’s report on the group’s slate. The crypto industry super PAC said the list includes 19 Republicans and 13 Democrats; all 32 backed legislation that was a top industry priority.

Which candidates will get the largest investments?

Fairshake plans to spend $1 million each supporting Democratic Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, and Republican Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan, the AP reported. The group did not disclose spending amounts for the other 26 members.

The slate is smaller than Fairshake’s announced plan to spend nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio. The group did not say whether it would make further House or Senate investments before November; Fairshake and its affiliated PACs reported about $120 million in cash at the end of August, according to the AP.

Why is Fairshake backing the slate now?

The group said its spending is bipartisan and aimed at electing candidates who support crypto. Fairshake spokesperson Geoff Vetter told the AP that the group and its affiliates had spent $40 million supporting 29 Democrats and $31 million supporting 28 Republicans in primaries and special elections this year.

The campaign comes after Senate Democrats blocked the CLARITY Act in September. The bill would have established a federal regulatory framework for digital assets, but Democrats raised concerns about safeguards related to President Donald Trump’s crypto investments, according to the AP’s report on the Senate vote. Fairshake says it is backing candidates who supported the legislation as the industry looks to the next Congress to revive it.

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