Fairshake backs 32 House candidates as crypto bill stalls

32 House candidates are on Fairshake’s bipartisan list of lawmakers the crypto political group will support in November’s midterms, as it seeks allies after key legislation stalled. That is 19 Republicans and 13 Democrats; six will each get $1 million in spending, according to The Associated Press’s report on Fairshake’s slate.

The group is putting election money behind lawmakers who backed a crypto market structure bill that remains stuck in the Senate.

Which House candidates will get the first $6 million?

Fairshake named three Democrats and three Republicans for $1 million each: Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, along with Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. The spending is intended to support their campaigns; Fairshake has not disclosed the exact amount it plans to spend on the other 26 candidates.

The list includes incumbents across both parties, among them House Democratic Caucus Chair Pete Aguilar, Republican Majority Whip Tom Emmer and GOP Conference Chair Lisa McClain. Fairshake spokesperson Geoff Vetter told Roll Call that the group backs candidates from either party based on their support for crypto.

What does the slate have to do with the stalled CLARITY Act?

All 32 candidates voted for the CLARITY Act, which passed the House in July 2025 and would establish rules for digital asset markets. The Senate blocked it in September after lawmakers failed to agree on ethics safeguards, including limits to prevent public officials from benefiting improperly from crypto ventures, Roll Call reported.

The bill’s stall leaves the industry without the federal market structure framework it had sought. Backing lawmakers who supported the measure gives Fairshake a way to reinforce pro-crypto support in the next Congress, though the November races will determine whether those candidates return to office.

How much more could Fairshake spend?

The six House allocations total $6 million, but they are only part of the group’s election activity. Fairshake also plans to spend nearly $30 million opposing Democratic Senate candidate Sherrod Brown in Ohio, according to AP.

Fairshake and affiliated political action committees reported about $120 million in cash on hand at the end of August, AP reported. The organization has not said whether it will announce additional spending before November, so the full scale of its campaign remains unclear.

References

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