Fairshake targets 32 House races with crypto spending

Fairshake, a major crypto campaign group, announced Monday, Oct. 5, that it will support 32 House members in the November midterms, including six set to receive $1 million each. The slate gives the industry a way to back lawmakers who supported its market rules bill while Congress’s effort to pass that bill remains stalled, according to The Associated Press’s report on Fairshake’s House slate.

Who is on Fairshake’s slate, and how much will they get?

The slate has 19 Republicans and 13 Democrats, and all 32 supported legislation that was a priority for the crypto industry, AP reported. Fairshake named three Republicans and three Democrats for $1 million in spending apiece: Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan, plus Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California.

Fairshake did not disclose how much it plans to spend on the other 26 candidates. That leaves the total House spending commitment unclear. The $6 million identified for the six lawmakers is a confirmed portion of the plan, not a stated budget for all 32 races.

Why is the group spending as the bill stalls?

The candidates backed a bill to set federal rules for digital asset markets. The House passed the CLARITY Act in July 2025, but the Senate did not advance it after lawmakers failed to agree on ethics rules and other provisions. The Senate blocked the measure in a procedural vote last month, Roll Call reported.

Fairshake’s move puts campaign support behind House members who backed the bill as the industry looks to the next Congress to revive legislation. The Senate’s failure to advance it does not change the bill into law or set a new timetable for action. The House slate is one part of Fairshake’s wider election spending: AP reported that its largest general-election investment so far is nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio.

What is still unknown before the election?

Fairshake has not said whether it will spend more on House or Senate races before November, and it has not disclosed the amounts planned for 26 of the House candidates. Its spokesperson told AP the group backs pro-crypto candidates in both parties. That makes the slate bipartisan by party count, while its stated selection criterion is support for the industry’s policy priority.

The announced change is a defined list of 32 House candidates and six disclosed $1 million spending plans. Watch for further spending announcements and whether the next Congress takes up the stalled market-structure bill.

References

• The Associated Press’s report on Fairshake’s House slate — apnews.com
• Roll Call reported — rollcall.com