Fairshake targets 32 House races with crypto campaign spending

Crypto voters can check Fairshake’s new House slate to see which incumbents the industry plans to support in November: the group named 32 candidates from both parties, with $1 million in spending planned for six. The Associated Press report says all 32 backed legislation the crypto industry had made a priority.

The spending puts electoral support behind lawmakers who backed crypto market rules, even as the bill’s path through Congress has stalled.

Which House members are set to get $1 million?

Fairshake named three Republicans and three Democrats for the largest amounts, according to Roll Call’s report on the PAC’s announcement. The Republicans are House Financial Services Committee Chairman French Hill of Arkansas, subcommittee chairman 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 are also on Fairshake’s slate, but the group has not disclosed how much it plans to spend in their races. The slate includes 19 Republicans and 13 Democrats, including House Democratic Caucus Chair Pete Aguilar, Republican Majority Whip Tom Emmer and Republican Conference Chair Lisa McClain. That means the public figures so far show the top allocation, not a total budget for all 32 campaigns.

What does the slate have to do with stalled crypto legislation?

The House passed the CLARITY Act in July 2025; it would set federal rules for digital asset markets. The Senate blocked the bill in September after lawmakers failed to agree on ethics safeguards, among other issues, according to Roll Call. Fairshake is backing candidates who voted for the House measure as the industry looks to the next Congress to revive legislation.

For readers tracking policy, the slate is a signal of which incumbents the crypto group wants to help return to office; it does not mean the bill has advanced or that any candidate can guarantee a new vote. Fairshake says it supports pro-crypto candidates in both parties. The group did not tell AP whether it plans additional House or Senate spending before November.

How much could Fairshake spend overall?

The six announced allocations total $6 million. Fairshake and its affiliated PACs reported about $120 million in cash on hand at the end of August, AP reported, while Roll Call put Fairshake’s cash on hand at $108 million, citing Federal Election Commission records. Those figures cover different groupings: AP includes affiliated PACs, while Roll Call refers to Fairshake itself.

Fairshake has also said it plans to spend nearly $30 million against Ohio Democrat Sherrod Brown in his Senate race against Republican Jon Husted. The House slate is a separate commitment, and the group has not said how much more it may spend on those races.

Source material

• Associated Press report — apnews.com
• Roll Call’s report on the PAC’s announcement — rollcall.com