Fairshake backs 32 House incumbents in crypto spending push
Fairshake named 32 House incumbents for midterm support, including six slated for $1 million each, as the Senate’s crypto market-structure bill remains stalled.
The Blockheight Editors··2 min read
Fairshake said Monday, Oct. 5, it will support 32 House incumbents—19 Republicans and 13 Democrats—in November’s midterms, including six slated for $1 million in spending each, according to the Associated Press report. The crypto super PAC said the slate supports candidates who back the industry as it looks to build a pro-crypto caucus in the next Congress.
Which House candidates are slated for $1 million?
Fairshake named Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, plus Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. Roll Call’s report identifies Hill as chair of the House Financial Services Committee, Steil as chair of its digital assets subcommittee and Huizenga as the panel’s vice chair.
Fairshake did not disclose the amounts planned for the other 26 candidates. The group and its affiliated PACs reported about $120 million in cash at the end of August, according to AP.
What legislation stalled before the spending announcement?
The Senate blocked the crypto market-structure bill in September after lawmakers failed to agree on ethics safeguards related to President Donald Trump’s crypto investments. AP reported the vote was 49-50, with no Democrats supporting the bill. The House had passed its version in July 2025.
Fairshake is backing candidates who supported the legislation, according to AP. The group described its spending as issue-focused and said it backs pro-crypto candidates in both parties.
Will Fairshake spend more before November?
The group has not said whether it will make further investments in House or Senate races before the election, AP reported. It has separately pledged nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio.
The next Congress may revisit the stalled legislation, but Fairshake has not confirmed further spending plans or whether the bill will advance.
Source material
- Associated Press report — apnews.com
- Roll Call’s report — rollcall.com