Crypto PAC announces support for 32 House candidates in US midterms

Fairshake, the political action committee (PAC) backed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, announced that it would initially spend a combined $6 million on six House of Representatives candidates out of 32 people the group planned to back ahead of the 2026 US midterm elections.

On Monday, Fairshake said that it would support 19 Republican and 13 Democratic incumbents in US House races for 2026. The PAC is expected to spend more than $100 million on ads supporting House and Senate candidates in 2026, including at least $30 million in Ohio’s Senate race to back Republican Jon Husted over Democrat Sherrod Brown. 

“Fairshake has always been and always will be an issue-focused organization,” said Fairshake spokesperson Geoff Vetter. “We back pro-crypto candidates who support American innovation in both parties.”

According to the crypto-backed PAC, three Republican and three Democratic candidates will each receive $1 million in spending ahead of the 2026 midterms. These politicians included Oregon Representative Janelle Bynum, California Representative Derek Tran and Nevada Representative Steven Horsford on the Democratic side and Arkansas Representative French Hill, Michigan Representative Bill Huizenga and Wisconsin Representative Bryan Steil as Republicans.