After a $2M primary loss in Michigan, Fairshake affiliates Defend American Jobs and Protect Progress put $1.5M behind candidates in Alaska, Florida, and Wyoming.
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Two political action committees affiliated with the crypto industry-backed Fairshake group disclosed spending more than $1.5 million on media for four House and Senate races ahead of Aug. 18 primaries. The filings, posted to the Federal Election Commission database Thursday, cover races in Alaska, Florida and Wyoming.
Defend American Jobs reported more than $500,000 in ads supporting Representative Nick Begich in Alaska's at-large district. The same Super PAC allocated about $500,000 for Republican candidate Sydney Gruters in Florida's 16th district. Harriet Hageman, running for Wyoming's open Senate seat, also received roughly $500,000. Protect Progress, another Fairshake affiliate, spent more than $50,000 backing Democratic Representative Lois Frankel in Florida's 23rd district.
The spending comes after a high-profile loss. On Tuesday, Protect Progress had poured more than $2 million into media for Democratic incumbent Shri Thanedar in Michigan's 13th district. Thanedar lost the primary to State Representative Donavan McKinney. His term ends in January 2027.
Begich, Hageman and Frankel all voted for the GENIUS Act and the Digital Asset Market Clarity (CLARITY) Act while in Congress. Gruters, according to the advocacy group Stand With Crypto, said in a questionnaire that she supported the crypto market structure bill but has made no other public statements on the topic. Stand With Crypto rates candidates on a scale from 'strongly supports crypto' to 'strongly against crypto' based on voting records and public statements. The organization's community director, Mason Lynaugh, told Cointelegraph in November that a lawmaker's vote on the CLARITY Act could affect their re-election chances.
Fairshake and its affiliates spent more than $170 million in the 2024 election cycle on House and Senate races, according to FEC filings. The group has focused on supporting candidates who back crypto-friendly legislation. The 2026 midterms will see all 435 House seats and 33 Senate seats contested.
Stand With Crypto said in January that passing crypto market structure legislation was its 'primary goal' for 2026. The Senate has not yet scheduled a vote on the CLARITY Act before its August recess, leaving the bill's fate uncertain. How lawmakers vote on the bill could influence where PACs allocate funds in the next cycle, the group has said.
Read more: CLARITY Act odds sink to 27% after Senate delays crypto bill
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