Fairshake targets 32 House races after CLARITY Act stalls

Will Fairshake put crypto money into House races after the CLARITY Act stalled? Yes: the super PAC says it will support 32 incumbents—19 Republicans and 13 Democrats—in November’s midterms, according to The Associated Press. Six will each receive $1 million in planned spending, putting at least $6 million behind candidates who backed the industry’s market-structure bill.

Which lawmakers get the $1 million commitments?

Fairshake named Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, and Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. The other 26 candidates are on the slate, but Fairshake has not disclosed how much it plans to spend on their races. Roll Call’s report identifies the six as House Financial Services Committee members or prominent figures on its digital assets panel.

What stalled, and why does the slate matter?

The CLARITY Act would establish federal rules for digital-asset markets and divide oversight between regulators. The House passed it in July 2025, but the Senate blocked it in September after lawmakers failed to agree on provisions including ethics guardrails, Roll Call reported. Fairshake is backing candidates who supported the bill as the industry looks to the next Congress to revive it.

The House slate is one part of a larger spending picture: Fairshake and its affiliates reported about $120 million in cash on hand at the end of August, according to AP. The group has also pledged nearly $30 million to oppose Democratic Senate candidate Sherrod Brown in Ohio, but has not said whether it will add more House or Senate spending before the election. The next date to watch is Nov. 3, when voters decide which candidates return to Congress.

References

• The Associated Press — apnews.com
• Roll Call’s report — rollcall.com