Crypto-Backed PAC Fairshake Invests Big in Florida House Race

Fairshake, a super PAC backed by major crypto firms like Coinbase and Ripple, has invested approximately $2 million in a U.S. House race in Florida.

The expenditure targets a district where a retired Republican congressman, who previously voted against key crypto legislation, has endorsed the Democratic candidate.

This is not the first time Fairshake has become one of the largest spenders in federal elections this cycle. The group aims to support candidates who favor clear regulatory frameworks for digital assets, regardless of party affiliation.