Fairshake Backs 32 House Candidates With Millions
The PAC is targeting sitting House members, including committee chairs who help write crypto and tax legislation. Fairshake has now raised more than $193 million ahead of the 2026 elections.
Key Takeaways
- Fairshake is backing 32 candidates for the House of Representatives, including 13 Democrats and 19 Republicans running again.
- Six candidates will each get $1 million in support; among them are French Hill, Bill Huizenga, Bryan Steil, Steven Horsford, Derek Tran, and Janelle Bynum.
- The crypto lobby is increasing its political spending, while the Senate remains tougher ground after the market structure bill stalled.
Fairshake has once again published a list of candidates it is backing for the American elections in November. The crypto sector’s political action committee is supporting 13 Democrats and 19 Republicans. These are sitting members running again in House races.
According to a spokesperson, six of them will each receive $1 million (€0.9 million) in support from Fairshake and affiliated organizations. The group says this is meant to help pro-crypto candidates who, in its view, support innovation in both parties. The list also shows that the crypto lobby is ramping up its efforts in Washington ahead of the next legislative round.
Who Is Getting the Biggest Support
On the Republican side, the biggest amounts are going to French Hill, Bill Huizenga, and Bryan Steil. Hill leads the House Financial Services Committee and played a visible role in crypto legislation in the House. Huizenga also sits on that committee, while Steil leads the subcommittee on digital assets.
Among Democrats, the larger support is going to Steven Horsford, Derek Tran, and Janelle Bynum. Horsford helped move a bipartisan crypto tax bill through the House tax committee, where he serves. Tran and Bynum both have an A rating on digital assets from Stand With Crypto.
Bynum is a Democratic incumbent from Oregon who beat Republican Lori Chavez-DeRemer two years ago. Chavez-DeRemer was previously backed by Fairshake, but later stepped down as Labor Secretary under President Donald Trump after multiple allegations of misconduct.
Why This Matters for Crypto
Fairshake is clearly focusing on seats that are likely to stay with the same party. Many of the candidates also sit on committees that matter for crypto taxes and broader industry legislation. That makes the list relevant for how the House may talk about crypto in the coming months.
The timing fits into a broader wave of political spending from the sector. Fairshake was launched in late 2023 and has now raised more than $193 million (€172 million) ahead of the 2026 midterm elections. In the previous election cycle, the committee and affiliated groups spent about $130 million (€116 million) on independent campaigns, while crypto companies, according to recent reports, have spent nearly $200 million (€179 million) on the 2026 U.S. elections.
Senate Remains Tougher Ground
Fairshake’s focus is not limited to the House. In the Senate, the sector previously ran into trouble with the larger market structure bill after the Digital Asset Market Clarity Act stalled last month. The organization has not launched a broad public campaign against senators who voted against that bill, although former Senator Sherrod Brown remains a major target. About $30 million (€26.8 million) has already been spent against him, with another $3 million (€2.7 million) from a PAC backed by Tyler and Cameron Winklevoss.
Fairshake says it has supported 53 winners in 57 primaries so far. With that, the committee says it wants to help build what it describes as the largest pro-crypto caucus in U.S. history.
The political pressure around crypto is still not limited to election campaigns. The failed handling of the Clarity Act already showed how fragile the legislative path in the Senate remains, even with broad support from the sector.
