Fairshake names 32 House candidates for crypto election spending
Fairshake named 32 House incumbents for midterm support, including six slated for $1 million each, as the Senate leaves its crypto market bill stalled.
Crypto political group Fairshake plans to support 32 House incumbents in November’s midterm elections, including six who will each get $1 million in campaign spending. The Associated Press reported on Oct. 5 that the slate includes 19 Republicans and 13 Democrats. All 32 backed the CLARITY Act, a bill to set federal rules for digital asset markets.
Who gets the six $1 million commitments?
Fairshake named three Democrats: Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California. The three Republicans are Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan.
The money is campaign spending by the group, not a direct donation to candidates. Fairshake has not said how much it plans to spend on the other 26 members. The Roll Call report on the announcement said the group had $108 million on hand at the end of August, citing Federal Election Commission records. AP reported that Fairshake and its affiliated groups had about $120 million combined.
What happened to the CLARITY Act?
The House passed the bill in July 2025, but it did not advance in the Senate. Senate Democrats helped block it in September 2026, after lawmakers failed to agree on ethics safeguards and other parts of the measure. Opponents raised concerns that the bill did not adequately address President Donald Trump’s crypto investments, AP reported.
The legislation was a priority for crypto companies seeking a federal framework for digital assets. Fairshake says its House slate backs candidates who support the industry, and the group is looking to the next Congress to revive stalled legislation.
How does this compare with Fairshake’s Senate spending?
The House plan is smaller than the group’s announced spending against Democratic Senate candidate Sherrod Brown in Ohio. Fairshake said in September it planned to spend nearly $30 million opposing Brown, who is running against Republican Sen. Jon Husted.
Fairshake has not said whether it will spend more in House or Senate races before the election. Its full spending plan for the 32 House contests remains unknown.
References
- Associated Press reported — apnews.com
- Roll Call report on the announcement — rollcall.com