Fairshake backs 32 House candidates with crypto spending
Fairshake will support 32 House candidates, including six with $1 million each, as the CLARITY Act remains stalled in the Senate ahead of November.
The Today Crypto Editors
With the Senate’s CLARITY Act vote blocked last month, crypto super PAC Fairshake on Monday unveiled a bipartisan slate of 32 House candidates it will support in November’s midterms, according to the Associated Press report. The list includes 19 Republicans and 13 Democrats; all backed legislation that was a priority for the crypto industry.
The spending gives the industry a way to back lawmakers who supported its market-structure bill while Congress’s path to passing it remains uncertain.
Which House candidates get $1 million each?
Fairshake plans to spend $1 million to support each of three Republicans and three Democrats. The Republicans are House Financial Services Committee Chair French Hill of Arkansas, subcommittee chair Bryan Steil of Wisconsin and committee vice chair Bill Huizenga of Michigan.
The Democrats are Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California. The other 26 candidates include senior lawmakers such as House Democratic Caucus Chair Pete Aguilar and Republican Whip Tom Emmer. Fairshake has not disclosed how much it will spend to support those 26.
The group is framing its slate as bipartisan. Its spokesperson, Geoff Vetter, told the AP that Fairshake backs pro-crypto candidates in both parties. The AP reported that Fairshake and affiliated PACs had about $120 million in cash at the end of August; the group has not said how much more it may spend before November.
Why did the CLARITY Act stall?
The House passed the market-structure bill in July 2025, but the Senate blocked it last month after lawmakers failed to agree on ethics safeguards, among other issues, according to Roll Call’s report on the slate. Opponents raised concerns that it did not adequately address President Donald Trump’s crypto investments. The bill aimed to set rules for digital asset markets and divide oversight among federal regulators.
Fairshake’s latest House slate follows its announcement last month that it would spend nearly $30 million against Ohio Democrat Sherrod Brown, who is challenging Republican Sen. Jon Husted. Fairshake’s new list focuses on incumbents who supported the House bill, as the industry looks to the next Congress to revive legislation that stalled this year.
Sources
- Associated Press report — apnews.com
- Roll Call’s report on the slate — rollcall.com