Fairshake names 32 House candidates for midterm spending
Fairshake named 32 bipartisan House candidates for midterm support, including six slated for $1 million each, as the industry’s market structure bill stalls.
The Crypto News Week Editors2 min read
Six House candidates will each get $1 million in support from crypto political group Fairshake, according to the Associated Press report on Fairshake’s midterm slate. That is the group’s top disclosed allocation among 32 House candidates, 19 Republicans and 13 Democrats. With the CLARITY Act stalled in the Senate, Fairshake is putting money behind lawmakers who backed the industry’s priority bill.
Who gets the $1 million allocations?
Democratic Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California are among the six candidates set to receive $1 million each. Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan will receive the same level of support.
Fairshake has not disclosed how much it will spend on the other 26 candidates. The group says it backs candidates who support crypto policy across both parties. All 32 members on the slate supported legislation that was a top priority for the industry.
Why is Fairshake spending after the bill stalled?
Senate Democrats blocked the CLARITY Act in September, citing concerns that it did not adequately address President Donald Trump’s crypto investments. The bill sought to create a federal regulatory framework for digital assets and divide oversight between federal regulators, the AP reported.
CoinDesk’s report on why negotiations over the CLARITY Act broke down described unresolved disputes over ethics provisions and stablecoin yield. The House had passed its version of the bill in July 2025, but the Senate worked on a separate version.
How much could the group still spend?
Fairshake and its affiliated PACs reported about $120 million in cash at the end of August. The group has not said whether it plans additional spending in House or Senate races before the November election.
Its largest announced general election investment so far is nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio. Fairshake also targeted Brown in 2024, when crypto groups spent nearly $40 million in the race he lost to Republican Bernie Moreno. The group has also spent across party lines: its network backed Democratic Senate candidates Ruben Gallego in Arizona and Elissa Slotkin in Michigan that year.
References
- Associated Press report on Fairshake’s midterm slate — apnews.com
- report on why negotiations over the CLARITY Act broke down — coindesk.com