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Fairshake backs 32 House candidates as crypto bill stalls

Fairshake named 32 House candidates for midterm support, including six slated for $1 million each, as crypto market rules remain stalled in the Senate.

The Crypto News Week Editors2 min read

Fairshake backs 32 House candidates as crypto bill stalls

32 House candidates are on Fairshake’s bipartisan list for midterm support, after the crypto super PAC named 19 Republicans and 13 Democrats on Monday, according to the Associated Press report. Six candidates are slated to receive $1 million in spending each; Fairshake has not disclosed what it plans to spend on the other 26.

The move puts campaign spending behind lawmakers who backed the industry’s stalled effort to set federal rules for digital asset markets.

Which House candidates get the $1 million?

Fairshake’s six announced picks are Reps. Janelle Bynum, Steven Horsford and Derek Tran, all Democrats, and Republicans French Hill, Bryan Steil and Bill Huizenga. The Roll Call report says Hill chairs the House Financial Services Committee, Steil chairs its digital assets subcommittee, and Huizenga is the committee’s vice chair.

The full slate includes senior lawmakers from both parties, among them Democratic Caucus Chair Pete Aguilar and Republican Majority Whip Tom Emmer. Fairshake says it backs candidates who support crypto in both parties; its spokesperson did not specify how much the group would spend on each of the other 26 races.

What did the candidates back?

All 32 candidates supported the CLARITY Act, the House-passed bill aimed at creating a federal regulatory framework for digital assets. The bill cleared the House in July 2025, but the Senate blocked it in September after Democrats sought stronger ethics safeguards related to President Donald Trump’s crypto investments, the AP reported.

The stalled bill leaves the industry without the federal market rules it was seeking. Supporters said the measure would give crypto firms more legal certainty; Democratic opponents said its ethics provisions did not adequately address the president’s crypto interests.

How much more could Fairshake spend?

The House slate is only part of the group’s election spending. Fairshake has also announced nearly $30 million in spending against Democratic Senate candidate Sherrod Brown in Ohio, who is challenging Republican Sen. Jon Husted.

Fairshake and affiliated PACs reported about $120 million in cash on hand at the end of August, according to the AP. The group has not said whether it will direct more money to House or Senate races before the November election, leaving the scale of its remaining campaign spending unclear.

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