Fairshake, a political action committee (PAC) backed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, has announced that it will initially spend $6 million on six of the 32 House of Representatives candidates ahead of the 2026 US midterm elections.
On Monday, Fairshake said it would endorse 19 Republican and 13 Democratic candidates in US House races for 2026. The PAC is expected to spend more than $100 million on ads supporting House and Senate candidates in 2026, including at least $30 million to support Republican Zondmo in Ohio’s Senate race.
“Fairshake has always been and always will be an issue-focused organization,” said Geoff Vetter, a spokesman for Fairshake. “We support pro-crypto candidates who support American innovation in both parties.”
According to the crypto-backed PAC, three Republican and three Democratic candidates will each receive $1 million for expenses before the 2026 midterms. These politicians included Representative Janelle Bynum of Oregon, Representative Derek Tran of California, and Democratic Representative Steven Horsford of Nevada, and Representative French Hill of Arkansas, Representative Bill Huizenga of Michigan, and Republican Brian Stell of Wisconsin.
All 32 candidates in Fairshake said voting to advance the Digital Asset Market Transparency Act, a bill that was expected to establish a clearer role for US financial institutions in overseeing digital assets, would get her support. The legislation failed to pass a crucial Senate vote, leaving the Republican-led bill’s future uncertain ahead of the midterm elections. Many polls show Democrats favoring majority control of both the House and Senate in 2027.
Vetter said in August that Fairshake had “$122 million in cash on hand” ahead of the midterms as part of a plan to “help build the largest pro-crypto caucus in American history.” Consumer advocacy group Public Citizen reported that the PAC had spent $82 million on ads opposing or supporting candidates as of June, with less than half of the estimated $189 million coming from advocacy groups and companies tied to the crypto industry.
Related: A Clarity vote failure could cost more crypto PACs in key races
