Fairshake backs 32 House candidates after crypto bill stalls

32 House candidates are on Fairshake’s bipartisan midterm slate, including six set to receive $1 million each. The crypto political group is backing lawmakers who supported its market-structure bill after the Senate blocked it, keeping the legislation’s future in play as voters head to the polls.

According to the Associated Press report, the slate includes 19 Republicans and 13 Democrats. Fairshake did not disclose how much it plans to spend on the other 26 candidates.

Which candidates are set to get $1 million?

Fairshake plans to spend $1 million each to support three Democrats and three Republicans, according to Roll Call’s report on the slate. The Democrats are Reps. Janelle Bynum of Oregon, Steven Horsford of Nevada and Derek Tran of California.

The Republicans are Reps. French Hill of Arkansas, Bryan Steil of Wisconsin and Bill Huizenga of Michigan. Hill chairs the House Financial Services Committee; Steil leads its digital assets subcommittee, and Huizenga is the panel’s vice chair.

The wider slate includes prominent House leaders and committee chairs. Among them are Democratic Caucus Chair Pete Aguilar of California, Republican Whip Tom Emmer of Minnesota, Republican Conference Chair Lisa McClain of Michigan, and Ways and Means Chair Jason Smith of Missouri.

Fairshake spokesperson Geoff Vetter told the AP the group backs pro-crypto candidates in both parties. He said Fairshake and affiliated groups spent $40 million supporting 29 Democrats and $31 million supporting 28 Republicans in primaries and special elections this year.

What happened to the CLARITY Act?

The House passed the CLARITY Act in July 2025, but the Senate blocked it in September 2026 on a procedural vote. The bill would establish federal rules for digital-asset markets and divide oversight between regulators.

The Senate debate stalled over several issues, including ethics safeguards for public officials with crypto ventures. Opponents said the bill did not adequately address President Donald Trump’s crypto investments. The House candidates on Fairshake’s slate had supported the bill.

For the industry, the stalled measure leaves its preferred federal framework unresolved. A new Congress could take up the issue, but the election will first determine who holds seats and influence when lawmakers return.

How much more could Fairshake spend?

The group has not said how much it will spend across the 32 House races beyond the six $1 million commitments. The AP reported that Fairshake and affiliated PACs had about $120 million in cash at the end of August.

Fairshake has also announced a much larger general-election intervention in Ohio: nearly $30 million against Democratic Senate candidate Sherrod Brown, who is challenging Republican Sen. Jon Husted. The group previously spent against Brown in 2024, when he lost to Republican Bernie Moreno.

That Ohio commitment shows the House slate is only one part of Fairshake’s campaign spending. The group has not said whether it will put more money into House or Senate races before November, so the final scale of its election push remains unclear.

Sources

• Associated Press report — apnews.com
• Roll Call’s report on the slate — rollcall.com