Crypto PAC Backs 32 House Candidates Ahead of US Midterms

Fairshake, the crypto-backed political action committee supported by major industry players including Coinbase, Ripple Labs and Andreessen Horowitz, has

• Fairshake, a crypto-backed PAC, is allocating $6 million to six House candidates and plans to spend over $100 million on political ads for the 2026 U.S. midterms.
• The PAC's support is tied to 32 candidates who voted for the Digital Asset Market Clarity Act, despite its uncertain legislative path.
• The spending aims to influence policy and create a pro-crypto caucus, with a significant focus on key Senate races like Ohio's.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation policy, Legislative debates, Securities law classification

Tags: #fairshake #cryptopac #usmidterms #housecandidates #digitalassetmarketclarityact #coinbase #ripplelabs #andreesenhorowitz #politicalspending #regulatoryclarity

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Crypto PAC Pumps $1M Into Michigan Democratic Primary Race

A cryptocurrency-aligned political action committee (PAC) affiliate is spending heavily in a Michigan Democratic primary that will decide who advances to the November general election. According to Federal Election Commission (FEC) filings posted as of Tuesday, Protect Progress P...

• A crypto-aligned PAC, Protect Progress, is spending heavily to support Rep. Shri Thanedar in the Michigan Democratic primary, aiming to influence elections based on 'pro-crypto' policy priorities.
• This spending is part of a larger strategy by Fairshake and affiliated groups, which have a significant 'war chest' to influence key races across multiple states.
• The race highlights the growing intersection of cryptocurrency interests and political lobbying, with candidates' stances on digital assets becoming a key campaign narrative.

Topics: Political endorsements opposition, Institutional adoption, Pro innovation policy, Asset manager initiatives

Tags: #cryptopac #shrithanedar #donavanmckinney #protectprogresspac #fairshake #politicalspending #michiganprimary #cryptopolicy #electioninfluence #campaignfinance

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