Fairshake names 32 House candidates for midterm support
Fairshake named 32 House candidates for midterm support on Oct. 5, including six set for $1 million each, as Senate crypto rules remain stalled ahead of November.
The Blocktape Editors 2 min read 852681
Fairshake announced Monday, Oct. 5, that it would support 32 House candidates in November’s midterms, including six set to receive $1 million each, after Senate legislation sought by the crypto industry stalled. The Associated Press report said the slate includes 19 Republicans and 13 Democrats, all of whom supported the industry’s priority market-structure bill.
Which House candidates will get $1 million?
Fairshake named Democratic Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, and Republican Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan for $1 million in support each. Roll Call reported the six are part of a broader effort covering 32 campaigns.
Fairshake did not disclose the amounts planned for the other 26 candidates. The full slate includes lawmakers from both parties, among them House Democratic Caucus Chair Pete Aguilar and Republican Majority Whip Tom Emmer.
Why is Fairshake backing candidates now?
The group said it supports candidates who back crypto policy in both parties. All 32 candidates supported the CLARITY Act, which passed the House in July 2025 and would set federal rules for digital-asset markets, according to Roll Call’s account of Fairshake’s announcement.
The Senate blocked the bill in September after lawmakers failed to agree on ethics provisions, including guardrails related to public officials’ crypto ventures. Fairshake’s new House slate follows its pledge to spend nearly $30 million opposing Democratic Senate candidate Sherrod Brown in Ohio, according to AP.
How much more could Fairshake spend?
Fairshake has not said whether it plans additional spending in House or Senate races before November. AP reported the group and its affiliated PACs had about $120 million in cash at the end of August.
The group says it will continue supporting candidates it considers pro-crypto. The next major test for the legislation comes in the next Congress, after the midterm elections.
Source material
- Associated Press report — apnews.com
- Roll Call’s account of Fairshake’s announcement — rollcall.com