The largest cryptocurrency political funding network is making its first major foray into the House of Representatives elections this year, saying it plans to support 32 incumbents in hopes of maintaining a pro-crypto bloc in Congress.
FairShake and its affiliated super political action committee announced Monday that it has committed funds to support 19 Republicans and 13 Democrats who have supported crypto industry priorities.
The spending plan will be released less than a month before midterm elections in November, which will determine which party controls the House and Senate.
“FairShake has always been and continues to be an issue-focused organization,” spokesman Jeff Vetter said in a statement Monday. “We support pro-crypto candidates in both parties who support American innovation.”
The network has committed at least $1 million to support six sitting members of Congress, including Democratic Rep. Janelle Bynum of Oregon; Stephen Horsford of Nevada; and Derek Tran of California. Republicans French Hill of Arkansas and Bill Huizenga of Michigan. and Brian Steele of Wisconsin.
Fairshake did not say how much the super PAC network plans to spend on the other 26 candidates.
But the network, whose backers include Coinbase, Ripple and venture capital firm Andreessen Horowitz, is well-funded.
FairShake and its two super PACs, Protect Progress and Defend American Jobs, had about $120.4 million in cash entering September, according to Federal Election Commission filings. Protect Progress typically supports Democrats, and Defend American Jobs typically supports Republicans.
FairShake’s network spent $71 million in 57 primaries and special elections earlier this election cycle. Its preferred candidates won 53 races.
The new general election spending boost comes weeks after the CLARITY Act, the cryptocurrency industry’s flagship market structure bill, failed to pass in the Senate. This leaves the industry’s biggest legislative priority unresolved, meaning the next Congress could decide how cryptocurrencies are regulated in the United States.
Cryptocurrency companies support the bill because it would create clearer rules for token issuance and trading, shift oversight of many digital assets from the Securities and Exchange Commission to the Commodity Futures Trading Commission, and reduce securities law enforcement risks.
All 32 FairShake-backed candidates voted in favor of the CLARITY Act when it passed the House 294-134 in July 2025.
Some of FairShake’s biggest beneficiaries are in a position to influence how the bill is handled in the next Congress. Mr. Hill and Mr. Huizenga serve as chairman and vice-chairman, respectively, of the House Financial Services Committee, and Mr. Steil heads the Digital Assets Subcommittee.
On the Republican side, Fairshake is backing Ben Kline of Virginia. Troy Downing of Montana State. Tom Emmer and Michelle Fischbach of Minnesota; Scott Fitzgerald and Brian Still of Wisconsin; Mike Haridopoulos of Florida State. Pat Harrigan and David Rauser of North Carolina; French Hill, Arkansas. Bill Huizenga and Lisa McClain of Michigan; Brian Jack and Austin Scott of Georgia; Frank Lucas of Oklahoma State. August Pflueger of Texas. Guy Reschenthaler and GT Thompson of Pennsylvania; and Jason Smith of Missouri.
Democratic candidates include California Representatives Pete Aguilar, Jimmy Panetta and Derek Tran. Brendan Boyle of Pennsylvania; Janelle Bynum of Oregon; Josh Gottheimer of New Jersey; Stephen Horsford of Nevada; Jonathan Jackson of Illinois. Lucy McBath of Georgia; Sarah McBride of Delaware; Hilary Scholten of Michigan; Terry Sewell of Alabama. and Suhas Subramanyam of Virginia.
Fairshake has already spent nearly $30 million this season in hopes of defeating Democratic U.S. Senate candidate Sherrod Brown in Ohio.
FairShake spent about $40 million trying to defeat Brown in 2024, when the Senate Banking Committee chairman was pushing for tighter crypto regulation and blocking market structure legislation passed by the House of Representatives.
