Fairshake backs 32 House candidates as crypto bill stalls
Fairshake named 32 House candidates for November support, including six set for $1 million each, as the Senate’s stalled CLARITY Act leaves crypto rules unsettled.
The Top Crypto Editors 2 min read
Will Fairshake spend millions to shape the next Congress? Yes: the crypto super PAC has named 32 House candidates for support ahead of November’s midterms, including six slated to receive $1 million each, according to the Associated Press report. The slate has 19 Republicans and 13 Democrats, all of whom supported legislation that was a top industry priority. Fairshake has not disclosed the total it will spend across the 32 races.
Which candidates are set for the biggest support?
Three Republicans and three Democrats are each slated for $1 million in Fairshake spending. The Republicans are House Financial Services Committee Chairman French Hill of Arkansas, Digital Assets 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 include prominent House leaders and committee members, among them Democratic Caucus Chair Pete Aguilar and Republican Majority Whip Tom Emmer. Fairshake’s stated rationale is that it supports pro-crypto candidates from both parties. Its spokesperson told the AP that the group had won 53 of the 57 races it entered this cycle.
What stalled the CLARITY Act?
The Senate blocked the market-structure bill in September after lawmakers failed to agree on ethics safeguards, Roll Call reported. The House had passed it in July 2025; the measure was intended to establish rules for digital-asset markets and divide oversight between federal regulators. Senators opposing the bill said its provisions did not adequately address President Donald Trump’s crypto investments, while the industry sought greater regulatory certainty.
The spending announcement puts Fairshake’s election strategy in focus as legislation moves into the next Congress. The group and affiliated PACs reported about $120 million in cash at the end of August, according to the AP. Fairshake has not said whether it will spend more in House or Senate races before November, leaving the scale of its remaining election push open. Watch whether it discloses additional spending before voters choose the next Congress.
References
- Associated Press report — apnews.com
- Roll Call reported — rollcall.com