A top cryptocurrency campaign organization is unveiling a bipartisan list of House members that it will support in the November midterms, as one of the biggest-spending interest groups looks to flex its muscles after a mixed legislative year in Congress.
asserted
one → unveil → Congress
The list, provided first to The Associated Press on Monday, includes 19 Republicans and 13 Democrats, with six members getting $1 million in spending each.
asserted
members → provide → spending
All 32 supported legislation that was a top priority for the industry.
asserted
that → support → industry
The bipartisan slate pales in contrast, however, to Fairshake’s biggest general election investment so far.
asserted
slate → pal → investment
The group announced plans in September to spend nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio, who is facing Republican Sen. Jon Husted in one of the most competitive races of the cycle.
asserted
who → announce → cycle
Brown previously faced nearly $40 million in cryptocurrency spending in 2024, when he lost to Republican Bernie Moreno.
asserted
he → face → Moreno
He had avoided becoming a major target this year until last month, when the industry moved against him after Senate Democrats helped block the CLARITY Act, which would have achieved the industry’s goal of establishing a federal regulatory framework for digital assets.
asserted
which → avoid → assets
Fairshake would not say whether it plans to spend more in House or Senate races before November.
asserted
it → say → November
The group and its affiliated PACs reported about $120 million in cash on hand at the end of August.
asserted
group → report → August
Big spending could shape battleground House races
uncertain
spending → shape → races
Three Republicans and three Democrats will get the most help from Fairshake, including several members facing competitive reelection races where the outside spending could provide a significant boost.
uncertain
spending → get → boost
On the Democratic side, Fairshake plans to support Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California with $1 million each.
asserted
Fairshake → plan → million
On the Republican side, Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan will receive the same level of support.
asserted
Hill → receive → support
Fairshake did not disclose how much it is spending on the other 26 House candidates it is supporting.
asserted
it → disclose → candidates
The organization is emphasizing the bipartisan nature of its spending as the cryptocurrency industry looks to the next Congress to revive legislation that stalled this year.
asserted
that → emphasize → legislation
Geoff Vetter, a spokesperson for Fairshake, pointed to the group’s investments in primaries and special elections this year, when it and its affiliated groups spent $40 million supporting 29 Democrats and $31 million supporting 28 Republicans.
asserted
million → point → Republicans
“Fairshake has always been and always will be an issue-focused organization.
asserted
Fairshake → focus → ?
We back pro-crypto candidates who support American innovation in both parties,” Vetter said.
asserted
Vetter → back → parties
“We’ve won 53 of the 57 races we engaged in this cycle and look forward to continuing to build on the largest pro-crypto caucus in American history.”
asserted
we → win → history
More Senate spending remains an open question
Senate Democrats in September blocked legislation long in the works that aimed to give the industry more regulatory certainty and divide oversight between federal regulators.
asserted
that → remain → regulators
Opponents raised concerns that it did not adequately address President Donald Trump’s crypto investments.
asserted
it → raise → investments
Trump took in more than $1.4 billion in crypto-related income last year.
asserted
Trump → take → income
Soon after the vote, Fairshake pledged nearly $30 million against Brown.
asserted
Fairshake → pledge → Brown
While the group also targeted Brown in 2024, its Senate spending that year crossed party lines.
asserted
spending → target → lines
Fairshake’s network also spent about $10 million each supporting Democratic Senate candidates Ruben Gallego in Arizona and Elissa Slotkin in Michigan.
asserted
network → spend → Michigan
Gallego called the decision to target Brown “dumb politics.”
asserted
Gallego → call → Brown
“You still need 60 votes after this election if you want to pass market structure,” Gallego said, referring to the Senate’s threshold for advancing most legislation.
asserted
Gallego → need → legislation
“Now the negotiations will just get harder and the deal is going to be not as good as they had right before they decided to kill it.”
asserted
they → get → it
The Aporia
