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2026-09-01 21:35:57

Fairshake Affiliate Spends $189K on Ads for Pro-Crypto Incumbent in Massachusetts Primary

Protect Progress PAC, an affiliate of the crypto-friendly political action committee Fairshake, has spent approximately $189,000 on media ads in Massachusetts' 4th Congressional District ahead of the primary election, backing Democratic incumbent Rep. Jake Auchincloss. Primary challenger Jason Poulos has called on Auchincloss to publicly condemn the intervention, alleging that some funds were used for AI-generated spam. Auchincloss voted for the Digital Asset Market Clarity Act in July 2025, which is pending Senate approval. Fairshake spent over $130 million in the 2024 cycle and reported $122 million cash on hand ahead of the 2026 midterms.

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Fairshake Affiliate Spends $189K on Ads for Pro-Crypto Incumbent in Massachusetts Primary
Policy Regula
2026-08-19 18:48:58

Fairshake-backed candidates score four primary advances, but PAC loses a $2 million Florida fight

Crypto-aligned political action committee Fairshake and its affiliated groups posted a largely successful night in US primaries, with four of five candidates backed by their advertising either winning or advancing in races across Alaska, Florida and Wyoming. The committees, Protect Progress and Defend American Jobs, spent about $3.6 million in total on House and Senate contests. The clear exception came in Florida’s 24th congressional district. There, Democrat Oliver Gilbert won with 34.4% of the vote despite being targeted by more than $2 million in negative advertising funded by Protect Progress. The race drew attention over whether the crypto industry could shape Democratic primaries through outside spending. The results arrive as Fairshake continues to expand its political footprint ahead of the 2026 midterms. The PAC reported a $193 million war chest in January and had spent more than $82 million on 2026 races as of June. With Congress set to return in September and the Senate expected to take up a cloture motion on the CLARITY Act, the makeup of the next Congress could carry direct consequences for digital asset legislation.

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Fairshake-backed candidates score four primary advances, but PAC loses a $2 million Florida fight
crypto PAC
2026-08-06 21:23:32

Fairshake-Linked PACs Deploy $1.5M+ Across Three-State Primary Races

Two super PACs tied to the crypto-backed political action committee Fairshake have disclosed combined spending of more than $1.5 million ahead of the Aug. 18 primaries, backing House and Senate candidates in Florida, Alaska and Wyoming. Federal Election Commission filings show Defend American Jobs put more than $500,000 into Alaska's single at-large congressional district to support Rep. Nick Begich's reelection. The same super PAC directed similar amounts to Sydney Gruters, the Republican candidate in Florida's 16th District, and Harriet Hageman, running for a Senate seat in Wyoming. Protect Progress disclosed more than $50,000 in Florida's 23rd District to back Lois Frankel's reelection bid. Frankel, Begich and Hageman have all voted for the GENIUS Act and the CLARITY Act during their time in Congress. The disclosure follows a primary loss for a Protect Progress-backed candidate in Michigan's 13th Congressional District. The super PAC had poured more than $2 million into supporting Democratic Rep. Shri Thanedar, who lost to state Rep. Donavan McKinney.

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Fairshake-Linked PACs Deploy $1.5M+ Across Three-State Primary Races
US politics
2026-08-05 17:01:17

Pro-Crypto PAC's $2M Push Fails as Thanedar Loses Michigan Primary

Michigan state Rep. Donavan McKinney defeated incumbent U.S. Rep. Shri Thanedar in the Democratic primary for Michigan's 13th Congressional District. As of Wednesday, McKinney had 51.9% of the vote to Thanedar's 48.1%. The pro-crypto political action committee Protect Progress spent more than $2 million on media to support Thanedar and oppose McKinney. Protect Progress is affiliated with Fairshake, which is largely funded by crypto companies Coinbase and Ripple. Thanedar had voted for bills including the GENIUS Act and the CLARITY Act. McKinney faces Republican candidate Taras Nykoriak in the November general election.

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Pro-Crypto PAC's $2M Push Fails as Thanedar Loses Michigan Primary