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Fairshake backs 32 House candidates as crypto bill stalls

Fairshake named 32 House candidates for midterm support, including six slated for $1 million each, as its push for federal crypto rules stalls in the Senate.

BitCurrent Newsroom2 min read

Fairshake backs 32 House candidates as crypto bill stalls

As Congress heads toward the November midterms, crypto super PAC Fairshake has named a bipartisan slate of 32 House candidates for support, according to The Associated Press. The move follows a Senate setback for the industry’s effort to establish federal rules for digital asset markets.

  • 32 House candidates: 19 Republicans and 13 Democrats.
  • Six candidates are slated for $1 million each.
  • Fairshake and affiliated PACs reported about $120 million in cash at the end of August.
  • Fairshake has not disclosed spending levels for the other 26 candidates.

Which House members will receive the largest support?

Representatives Janelle Bynum, Steven Horsford and Derek Tran are the three Democrats named for $1 million in support. The three Republicans at that level are French Hill, Bryan Steil and Bill Huizenga.

The slate also includes House leaders and committee chairs from both parties. Fairshake says its support is issue-focused and goes to candidates who back crypto policy. The group did not specify how much it plans to spend on the other candidates, Roll Call reported.

All 32 candidates supported the industry’s market-structure legislation, according to AP. The House passed its version in July 2025, but the Senate did not advance its bill.

What happens to the crypto bill after the Senate vote?

Senate Democrats blocked the legislation in September in a 49-50 vote, with opponents pressing for stronger ethics rules around President Donald Trump’s crypto interests. The bill sought to divide digital-asset oversight between federal regulators and create a broader regulatory framework.

Fairshake’s House slate is part of the industry’s effort to build support in the next Congress. Its spokesperson also pointed to $40 million spent supporting 29 Democrats and $31 million supporting 28 Republicans in primaries and special elections this year.

What remains open is how much Fairshake will spend on the 26 House candidates without announced individual amounts, and whether it will make further investments before November. The group has not disclosed additional House or Senate plans.

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