Fairshake crypto PAC to spend millions backing 32 bipartisan House candidates in 2026 midterms

Following the Senate's failure to pass the CLARITY Act, the prominent cryptocurrency super PAC Fairshake announced a bipartisan slate of 32 House incumbents it will support in the November 2026 midterms. The list includes 19 Republicans and 13 Democrats, with six key members receiving $1 million each. Backed by Coinbase, Ripple, and Andreessen Horowitz, Fairshake is leveraging its $120 million cash reserve to build a pro-crypto caucus, even as its $30 million campaign against Ohio Senator Sherrod Brown draws criticism from some Democrats.

Support for House incumbents

• ▪The 32 House incumbents endorsed by Fairshake on October 5, 2026, consist of 19 Republicans and 13 Democrats, all of whom voted in favor of the pro-crypto CLARITY Act.
• ▪Fairshake is allocating $1 million each to three Republican House members: French Hill of Arkansas, Bryan Steil of Wisconsin, and Bill Huizenga of Michigan.
• ▪Fairshake is allocating $1 million each to three Democratic House members: Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California.
• ▪The cryptocurrency political action committee Fairshake announced on October 5, 2026, that it is backing a bipartisan slate of 32 U.S. House incumbents in the November 2026 midterm elections.

The Digital Asset Market Clarity Act

• ▪The CLARITY Act aimed to establish a federal regulatory framework for digital assets, shift oversight from the SEC to the CFTC, and reduce securities-law enforcement risks.
• ▪Opponents of the CLARITY Act in the U.S. Senate raised concerns that the legislation did not adequately address President Donald Trump's personal cryptocurrency investments.
• ▪The U.S. Senate blocked the Digital Asset Market Clarity Act in September 2026 on a bipartisan procedural vote, stalling the cryptocurrency industry's signature market-structure legislation.

Primary and special elections

• ▪Fairshake spokesperson Geoff Vetter stated that the political action committee has won 53 out of the 57 primary and special election races it engaged in during the 2026 cycle.
• ▪Fairshake and its affiliated groups spent $40 million supporting 29 Democrats and $31 million supporting 28 Republicans in 2026 primaries and special elections.

Opposition to Sherrod Brown in Ohio

• ▪Fairshake has committed nearly $30 million to oppose Democratic Senate candidate Sherrod Brown in Ohio during the 2026 election cycle.
• ▪Arizona Democratic Senate candidate Ruben Gallego criticized Fairshake's decision to target Ohio Senator Sherrod Brown, calling the move dumb politics that would make future Senate negotiations harder.

Fairshake's funding and financial backers

• ▪Fairshake and its affiliated political action committees, Protect Progress and Defend American Jobs, reported holding approximately $120 million in cash at the end of August 2026.
• ▪Fairshake's primary financial backers include the cryptocurrency exchange Coinbase, blockchain infrastructure provider Ripple, and the venture capital firm Andreessen Horowitz.

Debatable claims

• ▪The crypto industry's massive campaign spending undermines the integrity of congressional elections
• ▪Congress should ban public officials from holding personal cryptocurrency investments
• ▪Fairshake's aggressive targeting of crypto skeptics undermines future legislative negotiations