Crypto Group Fairshake Targets Bipartisan House Races with Millions in Spending

A leading cryptocurrency campaign group, Fairshake, is preparing to invest millions in a bipartisan set of House races ahead of the November midterms. The organization has identified 19 Republicans and 13 Democrats for support, with six members, three from each party, receiving $1 million each. All 32 lawmakers backed legislation crucial to the crypto industry, though the measure stalled in Congress.

Fairshake's spending in House races follows its significant investment against Democratic Senate candidate Sherrod Brown in Ohio. The group plans to spend nearly $30 million opposing Brown, who faced similar spending in 2024. The industry's focus on Brown intensified after Senate Democrats blocked the CLARITY Act, a bill aimed at creating a federal regulatory framework for digital assets.

Among the House candidates receiving the highest support are Reps. Janelle Bynum (D-Oregon), Steven Horsford (D-Nevada), and Derek Tran (D-California) on the Democratic side, and Reps. French Hill (R-Arkansas), Bryan Steil (R-Wisconsin), and Bill Huizenga (R-Michigan) on the Republican side. Fairshake has not disclosed how much it will spend on the remaining 26 candidates.

The group emphasized its bipartisan approach, highlighting its support for 29 Democrats and 28 Republicans in primaries and special elections this year. Fairshake's spokesperson, Geoff Vetter, stated, "Fairshake has always been and always will be an issue-focused organization. We back pro-crypto candidates who support American innovation in both parties."