Crypto PAC Fairshake Backs 32 House Candidates Before 2026 Midterm Elections

TLDR

• Fairshake is backing 32 House incumbents, 19 Republicans and 13 Democrats, before the November 3 midterms.
• All 32 lawmakers supported the CLARITY Act when it passed the House in July 2025.
• Six candidates, including French Hill and Bryan Steil, will get $1 million each in support.
• Fairshake had about $108 million in cash at the end of August.
• Its largest general election effort is still nearly $30 million against Sherrod Brown in Ohio.

Crypto political group Fairshake is backing 32 House incumbents ahead of the November 3 midterm elections. The slate includes 19 Republicans and 13 Democrats.

The group announced the plan on October 5. The move came less than a month after the CLARITY Act, the crypto industry’s main market structure bill, failed to advance in the Senate.

Fairshake has disclosed at least $6 million in spending so far. Six candidates will get $1 million each, but the group has not said how much it will spend on the other 26 races.

Six Lawmakers Get $1 Million Each

The six candidates are split evenly between the two parties. The Democrats are Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California.

The Republicans are French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. Hill chairs the House Financial Services Committee, Steil leads its digital assets subcommittee and Huizenga is vice chair of the full committee.

Fairshake spokesperson Geoff Vetter said the group focuses on issues, not parties. He said it backs candidates from both sides who support crypto innovation.

Every candidate on the slate supported the CLARITY Act when it passed the House in July 2025. The Democrats were among 78 members of their caucus who voted for it.

The bill aimed to create a federal framework for digital asset markets. It stalled in the Senate for more than a year, and talks broke down over issues that included ethics rules on officials’ crypto holdings.

The other 26 candidates include House Majority Whip Tom Emmer and Democratic Caucus Chair Pete Aguilar. Lisa McClain, Jason Smith, Glenn Thompson, Josh Gottheimer and Sarah McBride are also on the list.

Cash on Hand and the Ohio Senate Race

Federal Election Commission filings show Fairshake had about $108 million in cash at the end of August. Its broader network reported roughly $120 million available.

Earlier this cycle, the network spent about $40 million backing 29 Democrats and $31 million backing 28 Republicans. Fairshake says its candidates have won 53 of the 57 races it joined.

The group’s largest donors include people or companies tied to Coinbase, Ripple and Andreessen Horowitz. Its stated goal is to elect more lawmakers who support clear crypto rules.

Fairshake’s biggest announced general election effort is in Ohio. In September, it said it planned to spend nearly $30 million opposing Democrat Sherrod Brown, who is running against Republican Sen. Jon Husted.

Brown once chaired the Senate Banking Committee and has been skeptical of parts of the crypto industry. He lost his seat in 2024 to Republican Bernie Moreno after heavy crypto spending in that race.

Sen. Ruben Gallego, a Democrat who supports crypto legislation, criticized the move against Brown. He noted that future market structure bills will likely need 60 Senate votes and support from both parties.

Spending by industry-backed groups has also drawn criticism from some lawmakers. They have raised concerns about corporate money shaping crypto policy.

The November election will decide which party controls Congress when the new session begins in January 2027. If the CLARITY Act does not move before then, lawmakers may need to restart the effort.

Fairshake has not disclosed its full general election budget. It is still unclear whether the group will add more House or Senate spending before Election Day on November 3.

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