Fairshake pledges $6 million to six House candidates

Fairshake said Monday it will support 32 House candidates in November’s midterms, including six who will each receive $1 million, according to The Associated Press. The slate includes 19 Republicans and 13 Democrats who backed legislation that would establish federal rules for digital asset markets.

Which candidates will get $1 million?

Fairshake named three Democrats—Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California—and three Republicans: French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. The group did not disclose how much it plans to spend on the other 26 candidates, Roll Call reported.

What happened to the CLARITY Act?

The House passed the market structure bill in July 2025, but the Senate blocked it last month in a procedural vote, Roll Call reported. Lawmakers had not reached agreement on ethics provisions and other parts of the bill, which would divide digital asset oversight between federal regulators.

The spending slate comes as the crypto industry looks to the next Congress to revive the legislation. Fairshake also announced plans in September to spend nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio, according to AP.

How much has Fairshake spent this cycle?

Fairshake spokesperson Geoff Vetter told AP that the group and affiliated PACs spent $40 million supporting 29 Democrats and $31 million supporting 28 Republicans in primaries and special elections this year. Vetter said Fairshake had won 53 of the 57 races it engaged in. The group reported about $120 million in cash on hand with its affiliated PACs at the end of August, AP reported.

Sources

• The Associated Press — apnews.com
• Roll Call reported — rollcall.com