Fairshake, the crypto industry’s leading super PAC, said it is backing 32 incumbents in U.S. House races ahead of the November elections, with 13 Democrats and 19 Republicans making the list.
The group said the candidates are generally running in safe seats, a factor that could help the industry maintain ties with lawmakers who already hold influential positions in Congress. According to Fairshake spokesperson Geoff Vetter, six of the candidates will receive about $1 million each in support from Fairshake and its affiliates, split evenly between the two parties.
Support list centers on incumbents from both parties
All 32 names on Fairshake’s latest list are sitting House members seeking reelection. The organization said it is supporting candidates it views as pro-crypto, and many of them are considered likely to return to Congress, which could reinforce existing support for digital asset policy on Capitol Hill.
“Fairshake has always been and always will be an issue-focused organization,” Vetter said in a statement. “We back pro-crypto candidates who support American innovation in both parties.”
Six candidates are slated for the largest support packages
On the Republican side, the three top recipients are French Hill, Bill Huizenga and Bryan Steil.
Hill chairs the House Financial Services Committee and has been a leading figure in pushing crypto legislation through the House. Huizenga is a senior member of the same committee. Steil also serves on the committee and leads the subcommittee on digital assets.
Among Democrats, Fairshake said the higher level of support is going to Steven Horsford of Nevada and Derek Tran of California. The group added that both men, along with Janelle Bynum, hold an “A” rating on digital asset issues from Stand With Crypto.
Janelle Bynum was elected after defeating a prior Fairshake-backed candidate
Bynum, an Oregon Democrat, won her seat two years ago by defeating Republican Lori Chavez-DeRemer. Fairshake had backed Chavez-DeRemer in the previous election. Chavez-DeRemer later went on to serve in President Donald Trump’s Department of Labor, but resigned earlier this year under multiple misconduct allegations.
During her first term, Bynum voted for crypto bills and appeared earlier this year at the Digital Chamber’s DC Blockchain Summit.
The list reaches committees tied to future crypto legislation
CoinDesk’s report said Fairshake’s latest House slate is positioned around lawmakers who could matter in the industry’s next legislative push.
Many of the candidates sit on the House Ways and Means Committee, which will handle crypto tax issues. Others are on the House Financial Services Committee, a central venue for digital asset legislation. The candidate list also includes members serving on agriculture, science and judiciary committees, all of which are expected to matter for future crypto bills.
Fairshake says it has backed 53 primary winners so far
Vetter said the organization has supported 53 winners in 57 primary races to date and is working toward what he described as “the largest pro-crypto caucus in American history.”
In many of those primaries, Fairshake backed the candidate from the party most likely to win the general election, a strategy the report said had also worked in the prior election cycle.
The Senate remains a tougher venue for the industry
The House has not been the industry’s biggest legislative obstacle. The U.S. Senate approved the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, last year, but the more important market structure bill sought in recent months did not fare as well there.
After the Digital Asset Market Clarity Act failed last month, Fairshake did not launch a public effort to unseat senators who voted against it. Those votes included all Democrats and a few Republicans.
Largest opposition effort is aimed at Sherrod Brown
Fairshake’s biggest opposition campaign is focused on former Senator Sherrod Brown, the Ohio Democrat who once led a crypto-resistant Senate Banking Committee and is now trying to return to the chamber.
According to the report, Fairshake has committed about $30 million to defeat Brown. A PAC established by Tyler Winklevoss and Cameron Winklevoss has added another $3 million against him.
Its ads do not directly mention crypto
Fairshake’s spending has gone toward independent advertising buys rather than campaign-controlled efforts. The super PAC does not make crypto an explicit issue in those ads, instead focusing on topics it believes are more likely to sway voters.