Crypto-focused super PAC Fairshake is backing 32 incumbent members of the U.S. House ahead of the November midterm elections, with an initial $6 million earmarked for six races. According to an Associated Press report on the October 5 announcement, the slate includes 19 Republicans and 13 Democrats. All 32 lawmakers supported the Digital Asset Market Clarity Act when the House passed the market-structure legislation in July 2025.
The first spending commitments allocate $1 million each to Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, alongside Republicans French Hill of Arkansas, Bill Huizenga of Michigan and Bryan Steil of Wisconsin. The $6 million represents independent political spending in support of the candidates rather than money contributed directly to their campaign committees. Fairshake has not disclosed the amount it intends to spend on the other 26 House races.
Fairshake Retains $120M War Chest
The network enters the final stretch of the election cycle with substantial remaining resources. Federal Election Commission records show Fairshake itself held $108.29 million in cash as of August 31. Its affiliated super PACs Protect Progress and Defend American Jobs held another $6.48 million and $5.66 million, respectively. Combined, the three committees had approximately $120.43 million available at the end of August.
The six initial beneficiaries include several lawmakers with direct roles in financial-services policy. Hill chairs the House Financial Services Committee, Huizenga serves as vice chair and Steil leads its Digital Assets, Financial Technology and Artificial Intelligence Subcommittee. The broader slate also includes Majority Whip Tom Emmer and other congressional leaders. Fairshake’s selection criteria link its political spending closely to lawmakers’ documented records on digital-asset legislation rather than to a single political party.
That strategy comes after the CLARITY Act’s Senate path deteriorated in September. The House had approved H.R. 3633 by 294-134 in July 2025, but a September 15 cloture vote on the motion to proceed failed 49-50, leaving the legislation stalled rather than finally defeated. The procedural setback shifted immediate crypto market-structure policy back toward SEC and CFTC rulemaking. Fairshake’s House spending is therefore unfolding while the federal legislative framework its endorsed lawmakers supported remains unresolved.
Crypto Policy Shapes the Midterm Spending Strategy
Fairshake spokesperson Geoff Vetter has characterized the organization as issue-focused and said it supports candidates from both parties who favor U.S. crypto innovation. The bipartisan composition is visible in the 19-13 Republican-Democratic split, although support for the CLARITY Act is the common legislative feature connecting all 32 endorsements.
The bill itself went through extensive negotiations before the failed procedural vote, including changes covering government ethics, stablecoin rewards, software developers and consumer protection. A 635-page Senate compromise released before the vote incorporated more than 100 requested revisions but failed to assemble the 60 votes needed to begin formal floor consideration. The election now determines the composition of the next Congress that could revisit those market-structure questions, but Fairshake’s spending does not determine how individual lawmakers will vote on future legislation.
Fairshake and its affiliates have already spent heavily during the 2026 cycle, while the new House allocations represent only part of their remaining resources. The measurable development is that a crypto-funded political network with roughly $120 million in combined cash is directing fresh independent spending toward lawmakers with a shared pro-CLARITY voting record. Whether that translates into different legislative outcomes will depend on election results, the next Congress and the substance of any market-structure legislation that returns to the floor.
