Crypto PAC Fairshake spent over $1.3 million on five primary winners in Michigan and Washington, advancing industry-friendly candidates in key races for the 2026 midterms.
Candidates backed by the crypto industry's Fairshake political action committee network won their primary contests in Michigan and Washington on Tuesday, the Associated Press reported.
Affiliates of the network spent more than $1.3 million in independent expenditures to support five winners, according to Tech Influence Watch, a political spending tracker.
In Michigan's 4th Congressional District, Republican incumbent Bill Huizenga defeated his primary challenger. Defend American Jobs, the Republican-aligned Fairshake affiliate, directed nearly $512,000 toward his campaign. Huizenga, a longtime House member, has pushed for stablecoin legislation to preserve the dollar's reserve currency status. He will face Democratic state Sen. Sean McCann in November.
In Washington state, Democratic incumbents Suzan DelBene and Kim Schrier advanced, along with Marilyn Strickland. Republican Amanda McKinney also won her district. Protect Progress, Fairshake's Democratic affiliate, spent $113,120 on DelBene and $105,040 on Schrier. Strickland received $103,020 from the same group. McKinney got $506,917 from Defend American Jobs.
Fairshake, financed by Coinbase and Andreessen Horowitz, reported raising roughly $193 million by January. The network has recorded multiple primary successes this cycle, targeting races across the political spectrum with affiliates for both parties. Primary contests often see lower turnout, making independent advertising a powerful tool for shaping the nominee field.
The industry's goal is to influence the next Congress on stablecoin frameworks and digital-asset market structure. The CLARITY Act, a key piece of crypto legislation, has faced delays in the Senate.
The general election is Nov. 5. Fairshake raised roughly $193 million by January, making it one of the largest single-issue PACs in the 2026 cycle.
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