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SearchThe PAC, funded by companies in the crypto sector, announced an initial $6 million in spending for six lawmakers. It also plans to spend more than $100 million on election advertising during 2026, while the bill it supports remains stalled in the Senate.
Fairshake announced its electoral support for 32 incumbent members of the U.S. House of Representatives for the 2026 midterm elections. The list includes 19 Republicans and 13 Democrats; all voted in favor of advancing the CLARITY Act, a proposal on the regulatory structure of the digital asset market that failed to pass a key Senate vote.
The political action committee, funded by contributions from Coinbase, Ripple Labs, and Andreessen Horowitz, plans to initially allocate $6 million to six candidates: $1 million per person. They are three Democrats—Janelle Bynum, Derek Tran, and Steven Horsford—and three Republicans—French Hill, Bill Huizenga, and Bryan Steil. Fairshake did not specify in its announcement how much it would allocate to the other 26 members on the list.
The lawmakers’ endorsements are part of a broader plan. Fairshake plans to spend more than $100 million on advertising to support candidates for the House and Senate during 2026. Within that figure, the group intends to allocate at least $30 million to the Ohio Senate race, in support of Republican Jon Husted against Democrat Sherrod Brown.
Geoff Vetter, a Fairshake spokesperson, described the group as an issue-focused organization and said it supports candidates from both parties who, in its view, favor American innovation. The announced list reflects that bipartisan division; by itself, it does not show how the rest of the spending will be distributed among districts or what effect it will have on the results.
The bill sought to establish a federal framework for digital assets and clarify the roles of financial agencies in overseeing them. The proposal failed to advance in a key Senate vote, leaving its legislative future uncertain. Fairshake’s support for those who voted for the initiative places digital asset policy among the issues the group is promoting during the election cycle.
The announcement of support for the 32 lawmakers and the spending plan for Ohio come as the legislation remains stalled. That coincidence provides context about the PAC’s priorities, but does not in itself prove that the outcome of the vote caused its electoral strategy. The announced amounts are spending plans and do not guarantee an outcome for the supported candidates or passage of the bill.
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