Crypto Super PAC Fairshake is cutting $1 million checks to six House incumbents and backing 26 more lawmakers who all voted for the industry's signature legislation — proving the swamp doesn't care what currency you use, as long as the checks clear.

The Minnesota-based Super PAC, bankrolled by Coinbase, Ripple Labs, and venture capital firm Andreessen Horowitz, reported $120 million in cash on hand at the end of August and has already spent tens of millions shaping the midterms. Every one of the 32 House members getting Fairshake's backing supported the CLARITY Act — the industry's top priority that stalled in the Senate last month. The bipartisan spending list — 19 Republicans, 13 Democrats — shows how established political money machinery simply adopts new vehicles to maintain its grip on Capitol Hill.

The six lawmakers getting the maximum $1 million each sit on the committees that matter most. Republican Reps. French Hill of Arkansas, Bryan Steil of Wisconsin, and Bill Huizenga of Michigan all serve on the House Financial Services Committee, which oversees crypto policy. Hill, the committee chairman, was the lead sponsor of the CLARITY Act. On the Democratic side, Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California each get $1 million. Fairshake did not disclose spending levels for the remaining 26 candidates.

Fairshake spokesman Geoff Vetter said the organization has backed 53 winners out of 57 races so far this cycle, spending $40 million supporting 29 Democrats and $31 million supporting 28 Republicans in primaries and special elections. "Fairshake has always been and always will be an issue-focused organization," Vetter said. "We back pro-crypto candidates who support American innovation in both parties."

The industry's legislative agenda hit a wall in the Senate. The CLARITY Act, which would have split regulatory oversight between the SEC and CFTC, failed 49-50 on September 15 after Democrats demanded an ethics provision targeting President Donald Trump's ability to profit from his family's crypto businesses. Republicans wouldn't bite. Missouri Republican Josh Hawley also voted no, citing constituent alarm. "Agriculture folks, local community people — are very, very worried about the effect on community banks," Hawley said. "They are blowing me up over it." CoinDesk framed the bill's collapse as a Senate problem, noting the House has been friendlier territory; the Daily Caller spelled out the ethics fight and Hawley's community-bank objection that Arkansas Online omitted entirely.

Fairshake's biggest general election target is former Sen. Sherrod Brown, the Ohio Democrat trying to reclaim a Senate seat. The group has devoted nearly $30 million to defeating him after Senate Democrats helped block the CLARITY Act. Brown previously faced roughly $40 million in crypto-industry spending when he lost to Republican Bernie Moreno in 2024.

The crypto industry has poured at least $206 million into Super PACs and hybrid PACs this cycle, according to Federal Election Commission data reported by the Daily Caller. Fairshake alone reported $93.8 million in total disbursements as of August 31.

Meanwhile, the DCCC moved Hill's Arkansas 2nd District race to its "Red to Blue" program, signaling Democrats consider the incumbent vulnerable despite the incoming cash.

Fairshake wouldn't say whether more spending is coming before November. With $120 million still banked and a 53-4 win record, the only question is how many more lawmakers will learn that carrying the industry's legislation is the safest bet in Washington.