On Monday, the political action committee Fairshake, funded by contributions from Coinbase, Ripple Labs, and Andreessen Horowitz, announced its support for 32 candidates running for the US House of Representatives in the 2026 midterm elections; six of these candidates will initially receive a total of $6 million.

Bipartisan List: 19 Republicans and 13 Democrats

Fairshake stated it will support 19 Republicans and 13 Democrats running for the House in 2026. According to the committee, three Republicans and three Democrats will each receive $1 million ahead of the elections. Fairshake spokesperson Jeff Vetter said the organization backs pro-crypto candidates in both parties and is focused on industry policy issues.

$1 Million Each for Six Candidates: Bynum, Tran, Horsford, Hill, Huizenga, Steil

The recipients of $1 million each include Democrats Janelle Bynum (Oregon), Derek Tran (California), and Steven Horsford (Nevada), as well as Republicans French Hill (Arkansas), Bill Huizenga (Michigan), and Bryan Steil (Wisconsin).

Support for Backers of the Digital Asset Market Clarity Act

All 32 candidates Fairshake plans to support voted to advance the Digital Asset Market Clarity Act in 2025. The bill, intended to clarify the roles of US financial regulators in the digital asset sector, did not pass a key Senate vote, and its prospects remain uncertain ahead of the elections.

Campaign Budget: Over $100 Million and $30 Million for Ohio Race

In 2026, the PAC is expected to spend more than $100 million on advertising in support of House and Senate candidates, including at least $30 million on the Ohio Senate race backing Republican Jon Husted against Democrat Sherrod Brown. Vetter previously reported that Fairshake had "$122 million on hand" for the elections. According to consumer group Public Citizen, by June the committee had spent $82 million on advertising; this is less than half of the $189 million in total contributions estimated by the group from crypto industry-related organizations and companies. Many polls have indicated that Democrats could gain a majority in both chambers of Congress in 2027.