Fairshake crypto PAC network commits to backing 32 House candidates in midterms
The Fairshake crypto PAC network announced Monday it will back 32 incumbents (19 Republicans, 13 Democrats) in the upcoming midterm elections, aiming to preserve a pro-crypto bloc in Congress. This move comes after the CLARITY Act, a key crypto market-structure bill, failed to advance in the Senate, raising the stakes for future crypto regulation in the U.S. The network, supported by entities like Coinbase and Ripple, entered September with approximately $120.4 million in cash and has committed at least $1 million to support six specific House incumbents.
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