Fairshake, the cryptocurrency industry's primary campaign vehicle, is deploying significant funds to support 32 House members in November—19 Republicans and 13 Democrats—all of whom backed legislation the industry prioritizes. The group simultaneously committed nearly $30 million to defeat Democratic Senate candidate Sherrod Brown in Ohio, signaling where crypto money flows after a mixed legislative year.
Six of the House candidates will receive $1 million each: Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California, alongside Republicans French Hill of Arkansas, Bryan Steil of Wisconsin, and Bill Huizenga of Michigan. All six are in competitive races where outside spending can shift outcomes. Fairshake did not disclose spending for the remaining 26 candidates.
The Ohio Senate race represents Fairshake's largest general election commitment. Brown faced roughly $40 million in cryptocurrency industry spending during his 2024 campaign and lost to Republican Bernie Moreno. He became a target again after Senate Democrats, including Brown, blocked the CLARITY Act last month—a market-structure bill that would have established federal digital asset regulation, a key industry goal.
Fairshake spokesperson Geoff Vetter said the organization "has always been and always will be an issue-focused organization. We back pro-crypto candidates who support American innovation in both parties." He cited the group's primary and special election performance this year: $40 million supporting 29 Democrats and $31 million supporting 28 Republicans, winning 53 of 57 races where it engaged.
Fairshake and its affiliated PACs reported approximately $120 million in cash on hand at the end of August. The organization has not specified whether it plans additional spending on House or Senate races before November.
