The crypto-focused political action committee Fairshake is expanding its influence in the 2026 midterm elections, formally endorsing 32 bipartisan candidates for the U.S. House of Representatives on October 5.
According to the Associated Press, the slate includes 19 Republicans and 13 Democrats, all of whom voted for digital asset regulatory measures viewed as priorities by the crypto industry. Fairshake confirmed that six designated lawmakers will each receive $1 million in direct campaign funding. On the Democratic side, those recipients are Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California. On the Republican side, French Hill of Arkansas, Bryan Steil of Wisconsin, and Bill Huizenga of Michigan will receive the same amount.
Fairshake spokesperson Geoff Vetter said the endorsements reflect candidates’ technical positions on crypto regulation rather than party affiliation. Several of the backed lawmakers are in highly competitive reelection races, according to Associated Press data. The committee and its affiliated entities reported winning 53 of 57 primary and special elections they participated in during the current cycle.
The spending push follows the September 2026 U.S. Senate vote in which the Democratic caucus blocked the CLARITY Act, a bill that would have created a federal regulatory framework for digital assets and divided oversight between the SEC and the CFTC. Senator Elizabeth Warren had requested conflict-of-interest provisions citing President Donald Trump’s financial ties to crypto, intensifying debate over ethical safeguards for officials holding digital asset investments.
After the bill’s defeat, Fairshake announced nearly $30 million in spending against Democratic candidate Sherrod Brown in Ohio. Brown previously faced nearly $40 million in crypto-funded advertising in 2024 and lost to Republican Bernie Moreno. Financial filings reviewed by Punchbowl show the Fairshake network held approximately $120 million in cash at the end of August 2026, having already disbursed $40 million supporting 29 Democrats and $31 million backing 28 Republicans in primary contests.
The rollout is separate from Stand With Crypto’s August 24, 2026 endorsement of 32 incumbents who supported the House version of the CLARITY Act, which did not include direct advertising pledges. Democratic Senator Ruben Gallego cautioned that any future market structure legislation will likely need at least 60 Senate votes after the elections. The next major electoral milestone is November 3, 2026, when the midterms determine control of both chambers of Congress.
