Fairshake and allied groups spent $150 million to elect pro-crypto candidates, shaping 2026 congressional races.
A political action committee backed by crypto interests reported $150 million in cash reserves after spending in three US state primaries, helping elect candidates it supports. Fairshake and affiliated groups targeted races in New York, Colorado, and Arizona, though not all pro-crypto candidates won, including Democrat Alex Bores in New York’s 12th District.
In 2024, the PAC and its affiliates spent over $10 million supporting Ruben Gallego’s Arizona Senate bid and $2.1 million for Yadira Caraveo in Colorado, with mixed results. Other groups, including Fellowship and the Blockchain Leadership Fund, also backed 2026 candidates, signaling a broader push ahead of upcoming primaries.
Attention now shifts to Colorado and Arizona, where primaries are scheduled for June 30 and July 21, though no major spending has been disclosed yet. The outcomes highlight the growing influence of crypto-aligned funding in US elections.