US Congress · US Senate · Republicans · U.S. · Cointelegraph
Crypto PAC notches primary lands, but sheds $2 million Florida race
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A Fairshake spokesperson said that the PAC was “getting started“ on its expenditures as part of efforts to fill US Congress with lawmakers friendly to the crypto industry.
Key facts
- Defend American Jobs also spent a combined $1.5 million on ads to support Republican Nick Begich in Alaska’s at-large congressional district, Republican candidate Sydney Gruters in Florida’s 16th
- Democrat Lois Frankel won her primary in Florida’s 23rd congressional district after Protect Progress spent more than $150,000 on supportive media
- All four candidates will likely go on to face challengers in the 2026 midterms in November, but a Democrat in Florida’s 24th district also won despite being the target of more than $2 million worth
- On Tuesday, Democratic and Republican candidates supported by media funded by the Fairshake-affiliated PACs Protect Progress and Defend American Jobs, respectively, notched wins across three US states
Summary
Update (Aug. 19, 8:27 pm UTC):. Four of the five candidates supported by ads funded by the cryptocurrency-aligned political action committee (PAC) Fairshake won their primaries or otherwise advanced on Tuesday, potentially a bellwether for the industry’s influence in the 2026 midterm elections. On Tuesday, Democratic and Republican candidates supported by media funded by the Fairshake-affiliated PACs Protect Progress and Defend American Jobs, respectively, notched wins across three US states. Democrat Lois Frankel won her primary in Florida’s 23rd congressional district after Protect Progress spent more than $150,000 on supportive media.