Crypto PAC announces support for 32 House candidates in US midterms — SkimNews
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- Fairshake announced it will financially back 32 House candidates — 19 Republicans and 13 Democrats — in the 2026 midterm elections, all of whom voted to advance the Digital Asset Market Clarity Act.
- The PAC plans to spend more than $100 million on House and Senate races in 2026, including at least $30 million backing Ohio Republican Jon Husted against Democrat Sherrod Brown.
- Six incumbents will each receive $1 million in initial spending: Democrats Janelle Bynum, Derek Tran, and Steven Horsford, and Republicans French Hill, Bill Huizenga, and Bryan Steil.
- Fairshake reported $122 million cash on hand in August, while watchdog Public Citizen said the PAC had spent $82 million on ads as of June, against an estimated $189 million total from the broader crypto industry.
- The CLARITY Act, which would define US financial agency roles in overseeing digital assets, failed a crucial Senate vote, leaving its future uncertain as polls show Democrats favored to retake both chambers in 2027.
Why it matters: Fairshake's $122 million war chest and $100 million-plus 2026 spending target — concentrated entirely on candidates who voted for its top legislative priority, the CLARITY Act — give the crypto industry a direct lever over which incumbents return to Congress, even as polls show Democrats favored to retake both chambers.
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