Fairshake names 32 House candidates for midterm spending

Fairshake said on Oct. 5 it would support 32 House candidates in November’s midterms, with $1 million each for three Republicans and three Democrats, as the crypto industry shifts focus after the Senate stalled its market-structure bill. The Associated Press report on Fairshake’s slate said all 32 candidates backed legislation that was a top industry priority.

Which House candidates will receive $1 million?

Fairshake named Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan, all Republicans, for $1 million each. The three Democrats named for the same amount were Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, according to Roll Call’s account of the announcement.

The group did not disclose how much it plans to spend on the other 26 candidates. Its slate includes 19 Republicans and 13 Democrats. Fairshake spokesperson Geoff Vetter said the group backs pro-crypto candidates from both parties and reported that it had engaged in 57 races this cycle, winning 53.

What happened to the bill they supported?

The House passed the CLARITY Act in July 2025. The bill would set rules for digital-asset markets, but negotiations stalled in the Senate over ethics safeguards and other provisions; senators blocked it in a procedural vote in September, Roll Call reported.

Fairshake’s House slate is part of a broader effort to influence the next Congress as the industry seeks new legislation. The group also said in September it planned to spend nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio, according to the AP. Fairshake has not said whether it will make further House or Senate investments before the November election.

Source material

• Associated Press report on Fairshake’s slate — apnews.com
• Roll Call’s account of the announcement — rollcall.com