Fairshake backs 32 House candidates after crypto bill stalls

Fairshake, a major crypto political group, plans to support 32 House candidates in November’s midterm elections, including six who are each slated for $1 million in spending. The slate comes after the Senate blocked the industry-backed CLARITY Act. The Associated Press report says the list has 19 Republicans and 13 Democrats, all of whom supported the bill.

Which candidates are slated for $1 million?

Fairshake plans to spend $1 million each to support Democratic Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California, and Republican Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan, according to Roll Call’s report on the slate.

The group did not disclose how much it plans to spend on the other 26 candidates. Its list also includes House leaders such as Democratic Caucus Chair Pete Aguilar of California, Republican Majority Whip Tom Emmer of Minnesota and Republican Conference Chair Lisa McClain of Michigan, Roll Call reported.

What happened to the CLARITY Act?

The House passed the bill in July 2025. It would set rules for digital asset markets, including how they are overseen. The Senate blocked it last month in a procedural vote, after lawmakers failed to agree on ethics safeguards and other parts of the bill, Roll Call reported. Ethics safeguards are rules meant to prevent public officials from using their positions for personal gain.

The bill was a priority for crypto firms seeking a federal regulatory framework for digital assets. Fairshake’s House slate aims to support candidates who backed that legislation, as the industry looks to the next Congress to revive it.

How much could Fairshake still spend?

Fairshake and its affiliated political groups reported about $120 million in cash at the end of August, according to AP. That is the groups’ reported cash total, not a stated budget for the 32 House races. Fairshake has not said whether it will direct more spending to House or Senate contests before November.

The group is also backing Senate candidate Sherrod Brown’s opponent in Ohio, where AP reported Fairshake plans to spend nearly $30 million against Brown. The size of the House slate’s remaining spending is still unknown.

Sources and documents

• Associated Press report — apnews.com
• Roll Call’s report on the slate — rollcall.com