Fairshake backs 32 House candidates after CLARITY Act stalls
Fairshake will back 32 House candidates, including six with $1 million each, as the stalled CLARITY Act leaves federal crypto market rules unresolved.
The Crypto News Week Editors2 min read
32 House candidates are on Fairshake’s bipartisan slate for the November midterms, according to The Associated Press. The crypto political group says it will spend $1 million each to support six of them; the other 26 allocations are undisclosed.
That spending puts election support behind lawmakers who backed the industry’s stalled push for federal digital asset rules.
Who gets the six disclosed $1 million commitments?
Fairshake plans to support three Democrats—Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California—and three Republicans: French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. Each is a sitting House member.
The Roll Call report identifies Hill as chair of the House Financial Services Committee, Steil as chair of its digital assets subcommittee and Huizenga as the committee’s vice chair. Fairshake’s wider slate has 19 Republicans and 13 Democrats, and includes members of both parties’ House leadership.
What did the candidates back?
All 32 supported the CLARITY Act, the market-structure bill that passed the House in July 2025. It aimed to set federal rules for digital asset markets and divide oversight between regulators.
The bill stalled in the Senate after lawmakers failed to agree on ethics guardrails, among other issues. In September, the Senate blocked it on a bipartisan procedural vote. Opponents said the legislation did not adequately address President Donald Trump’s crypto investments, according to AP.
How much more could Fairshake spend?
The group has not disclosed how much it plans to spend on the remaining 26 House candidates, or whether it will make further House or Senate investments before November. Fairshake and its affiliated political action committees reported about $120 million in cash on hand at the end of August, AP reported.
Fairshake separately announced plans in September to spend nearly $30 million opposing Democratic Senate candidate Sherrod Brown in Ohio. The House slate is one part of the industry’s effort to build support for crypto policy in Congress; the stalled bill leaves that legislative push for a future Congress to revisit.
References
- The Associated Press — apnews.com
- Roll Call report — rollcall.com