The cryptocurrency industry’s top super PAC, Fairshake, is preparing to support GOP Sen. Pete Ricketts in his Nebraska reelection bid. A spokesperson for the group confirmed the plans to Politico, though the exact amount of spending has not been disclosed.
Fairshake, primarily funded by Coinbase, Ripple, and venture capital firm Andreessen Horowitz, is also backing Republican candidates in the Ohio Senate race. Ricketts is running against independent candidate Dan Osborn, a former labor union leader, in a contest that has become surprisingly competitive.
Despite Nebraska being a traditionally Republican state, polls suggest a tight race. Ricketts faces challenges amid a difficult national environment for Republicans, while Osborn campaigns on a populist platform.