Fairshake Backs 32 US House Candidates, Commits $6 Million to First Six

Fairshake, the cryptocurrency political action committee backed by Coinbase, Ripple Labs and Andreessen Horowitz, has announced plans to support 32 US House candidates ahead of the 2026 US midterm elections.

Cointelegraph reported on October 5 that Fairshake plans to support 32 candidates in the 2026 US House elections, including 19 incumbent Republicans and 13 incumbent Democrats. It will initially spend a combined $6 million on six of them.

Among Democrats, Rep. Janelle Bynum of Oregon, Rep. Derek Tran of California and Rep. Steven Horsford of Nevada will each receive $1 million. Among Republicans, Rep. French Hill of Arkansas, Rep. Bill Huizenga of Michigan and Rep. Bryan Steil of Wisconsin are also set to receive $1 million each.

"Fairshake has always been an issue-focused organization and will remain so," spokesperson Josh Vlasto said. "We support pro-crypto candidates in both parties who back American innovation."

All 32 candidates backed by Fairshake supported advancing the CLARITY Act, a US crypto market structure bill. The legislation aims to clarify the roles of US financial regulators overseeing digital assets, but its future has become uncertain after it failed to clear a key Senate vote.

Fairshake plans to spend more than $100 million on ads supporting House and Senate candidates in this midterm cycle. In Ohio's Senate race, it plans to spend at least $30 million to support Republican Jon Husted and oppose Democrat Sherrod Brown.

Fairshake said in August that it had secured $122 million in cash ahead of the midterm elections. Public Citizen, a consumer advocacy group, said the PAC had spent $82 million on ads supporting or opposing candidates through June.