Fairshake PAC Network Commits Millions Across 32 House Incumbents Ahead of Midterms

Fairshake, the political action committee network funded by cryptocurrency companies and venture investors, has launched its first broad general-election campaign for the U.S. House of Representatives. According to reporting from CNBC Business (https://www.cnbc.com/2026/10/05/fairshake-crypto-super-pac-house-races.html), the group has committed funds to 32 incumbents—comprising 19 Republicans and 13 Democrats—to maintain a pro-crypto bloc in Congress.

The network is directing at least $1 million each to six House incumbents: Democratic Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California, and Republican Reps. French Hill of Arkansas, Bill Huizenga of Michigan, and Bryan Steil of Wisconsin. Fairshake did not disclose specific spending figures for the remaining 26 candidates.

"Fairshake has always been and always will be an issue-focused organization," network spokesperson Geoff Vetter said in a statement. "We back pro-crypto candidates who support American innovation in both parties."

The network, whose donors include Coinbase, Ripple, and Andreessen Horowitz, entered September with approximately $120.4 million in cash across Fairshake and its two affiliated super PACs, Protect Progress and Defend American Jobs, according to Federal Election Commission filings. Protect Progress generally backs Democrats, while Defend American Jobs supports Republicans. Earlier this election cycle, the network spent $71 million across 57 primary and special elections, winning 53 of those contests.

The general-election push follows the stall of the crypto sector's signature market-structure bill, the CLARITY Act, which failed to advance in the Senate after clearing the House 294-134 in July 2025. The legislation would establish standard rules for token issuance and trading while moving oversight of many digital assets from the Securities and Exchange Commission to the Commodity Futures Trading Commission. All 32 candidates endorsed by Fairshake voted in favor of the measure.

Key beneficiaries hold direct authority over market-structure legislation. Representative Hill chairs the House Financial Services Committee, Representative Huizenga serves as vice chair, and Representative Steil chairs its digital-assets subcommittee.

Fairshake's Republican slate includes Reps. Ben Cline of Virginia, Troy Downing of Montana, Tom Emmer and Michelle Fischbach of Minnesota, Scott Fitzgerald and Bryan Steil of Wisconsin, Mike Haridopolos of Florida, Pat Harrigan and David Rouzer of North Carolina, French Hill of Arkansas, Bill Huizenga and Lisa McClain of Michigan, Brian Jack and Austin Scott of Georgia, Frank Lucas of Oklahoma, August Pfluger of Texas, Guy Reschenthaler and G.T. Thompson of Pennsylvania, and Jason Smith of Missouri.

The Democratic slate comprises Reps. Pete Aguilar, Jimmy Panetta, and Derek Tran of California; Brendan Boyle of Pennsylvania; Janelle Bynum of Oregon; Josh Gottheimer of New Jersey; Steven Horsford of Nevada; Jonathan Jackson of Illinois; Lucy McBath of Georgia; Sarah McBride of Delaware; Hillary Scholten of Michigan; Terri Sewell of Alabama; and Suhas Subramanyam of Virginia.

In addition to its House efforts, Fairshake has spent nearly $30 million this cycle in an effort to defeat Democratic Senate nominee Sherrod Brown in Ohio, following roughly $40 million spent against Brown in 2024.