Pro-Crypto Super PAC Fairshake Plans to Spend $25 Million on These Congressional Candidates

Digital asset-focused super PAC Fairshake is planning to spend $25 million on more than a dozen Republican and Democratic congressional candidates. 

Fairshake will use the funds to purchase TV advertising time for 18 pro-crypto House candidates—nine Republicans and nine Democrats—across roughly a dozen states, from Alaska to California to New York.  The super PAC plans to spend about $1 million in each of the districts in which its candidates are running, a Fairshake representative said Thursday in an emailed statement. 

“We will continue to deploy our resources in support of leaders on both sides of the aisle and in both houses who are committed to getting things done and working with the industry to pass responsible regulation,” Fairshake said in the statement. 

Those receiving the funds include Republicans such as Zach Nunn, David Valadao, and Juan Ciscomani, and Democrats such as Nikki Budzinski and Tom Suozzi.

Here’s a full list of the Fairshake-backed U.S. House of Representative Candidates:

Democrats

Don Davis (NC-01), Yadira Caraveo (CO-08), Steven Horsford (NV-04), Mary Peltola (AK-AL), Pat Ryan (NY-18), Nikki Budzinski (IL-13), Tom Suozzi (NY-03), Angie Craig (MN-02), and Eric Sorensen (IL-17).

Republicans

David Valadao (CA-22), Mike Garcia (CA-27), Juan Ciscomani (AZ-06), Lori Chavez-Deremer (OR-05), Zach Nunn (IA-03), Michelle Steel (CA-45), Young Kim (CA-40), Monica De La Cruz (TX-15), and Bryan Steil (WI-01).

The pro-crypto group’s $25 million splurge on House candidates forms the first tranche of funds that the super PAC says it will put toward supporting pro-crypto candidates ahead of the 2024 U.S. elections.  

Fairshake has amassed one of the largest political war chests for the upcoming election cycle to date, campaign finance data shows. The super PAC has raked in roughly $203 million for the 2024 U.S. elections as of August 6, according to campaign finance watchdog OpenSecrets’ analysis of public disclosures. 

The super PAC’s efforts to splash cash on pro-crypto candidates have so far paid off: Earlier this summer, 33 out of 35 Fairshake-backed candidates prevailed in their respective House and Senate primary races, CNBC reported.