Fairshake and affiliates deploy $40 million to back crypto-friendly candidates in key US primary races.
A political action committee supporting pro-cryptocurrency candidates has spent over $40 million across multiple US states ahead of June primaries. The spending targets races in Alabama, South Carolina, Texas, and other states, aiming to influence the next Congress.
Fairshake reported a $193 million war chest as of January, with recent expenditures including $5.2 million and $587,000 on media buys for Democratic House candidates in Maryland and New York. The PAC’s efforts reflect a broader push to shape regulatory and legislative outcomes for the crypto industry.
The Alabama Senate runoff marked the latest high-profile race where crypto-backed groups have intervened, signaling heightened political engagement ahead of the June 23 primaries.