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Fairshake names 32 House candidates for midterm spending

Fairshake named 32 House incumbents for midterm support, including six slated for $1 million each, as the Senate's crypto market-structure bill remains stalled.

Uruguay Can Editorial

Fairshake names 32 House candidates for midterm spending

With crypto market-structure legislation stalled in the Senate, Fairshake has named 32 House incumbents it plans to support in November’s midterms, including six candidates slated for $1 million each. The slate spans 19 Republicans and 13 Democrats, and all 32 backed legislation that was a top industry priority, according to the Associated Press report.

Who gets the disclosed $1 million allocations?

Three Democrats and three Republicans are each set to receive that level of support. As Roll Call reported, Fairshake identified the allocations for:

  1. Democrats Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California.
  2. Republicans French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan.

Fairshake has not disclosed how much it plans to spend on the other 26 House candidates. That means the $6 million across these six races is the only specific House allocation confirmed so far; the full cost of the 32-candidate effort remains unclear.

What does the Senate setback change?

The House passed the CLARITY Act, which would set rules for digital-asset markets, in July 2025. The measure then stalled in the Senate, where lawmakers did not reach agreement on ethics safeguards and other provisions. The Senate blocked it in September on a procedural vote, leaving the next Congress as a possible route for the industry to revive the legislation.

Fairshake says its House slate is bipartisan and focused on candidates who support crypto. The timing puts its election spending alongside an unresolved policy fight: the group is backing lawmakers who supported the bill, while voters choose the next Congress that could take it up again.

The House slate is only part of Fairshake’s election activity. The AP reported that Fairshake and affiliated PACs had about $120 million in cash at the end of August, and that the group had announced plans to spend nearly $30 million against Democrat Sherrod Brown in Ohio’s Senate race. Fairshake has not said whether it will put more money into House or Senate contests before November.

Sources