Crypto-backed political action committees tied to Fairshake reported $7.2 million in new media spending across five U.S. states ahead of congressional primaries and runoffs.
The spending came from Protect Progress and Defend American Jobs, two Fairshake-linked PACs that typically support Democrats and Republicans, respectively. The latest buys target races in Georgia, Alabama, Nebraska, Kentucky and Texas.
Protect Progress reported about $1.6 million in combined spending for Jasmine Clark and Christian Menefee.
Clark is running in Georgia’s 13th Congressional District and faces a Democratic primary on May 19. Menefee is running in Texas’ 18th Congressional District and faces a May 26 runoff against Rep. Al Green.
Protect Progress has also committed $1.5 million to oppose Green’s reelection, calling him hostile to Texas’ crypto sector.
Defend American Jobs reported $5.6 million in spending across Republican races in Georgia’s 1st and 14th Congressional districts, Nebraska’s 3rd Congressional District, and U.S. Senate contests in Alabama and Kentucky.
The largest single beneficiary was Rep. Andy Barr, who is running for the U.S. Senate in Kentucky. Barr received more than $3.5 million in media support from the PAC.
Barr has supported major crypto legislation in Congress, including the GENIUS Act stablecoin law and the CLARITY Act market structure bill.
Fairshake reported holding $193 million as of January and has already spent heavily in 2026 primary races.
Its affiliates previously spent about $514,000 supporting Rep. Jim Baird in Indiana and millions more in Texas and Illinois contests. The latest filings show Fairshake-linked groups are continuing to spend early in races involving lawmakers aligned with digital asset policy priorities.
The spending comes as Congress continues work on the CLARITY Act, which would define broader U.S. digital asset market structure and clarify oversight between the SEC and CFTC.
A Senate compromise on stablecoin rewards has helped move the bill forward, and the Senate Banking Committee is scheduled to consider the CLARITY Act on May 14.
The latest PAC spending reflects Fairshake’s stated strategy of supporting pro-crypto candidates and opposing lawmakers it views as hostile to the industry.
For the crypto sector, the immediate focus is on lawmakers who may help shape stablecoin implementation and market structure rules as the 2026 election cycle accelerates.
Macro strategist Raoul Pal says the probability of a bitcoin supercycle has risen significantly, citing debt monetization pressures, a historic global capital expenditure boom, and
The crypto industry could soon witness one of its biggest regulatory breakthroughs. Prediction market platform Kalshi now shows a sharp rise in approval odds for
The rapid growth in tokenized gold trading highlights a shift towards digital assets, raising concerns about market concentration and regulatory risks. The post Tokenized gold
Bitcoin and Nasdaq have rallied sharply, but U.S. consumer sentiment has fallen to historic lows, highlighting a widening Wall Street–Main Street divide.
Blockchain Bodega is here and you know the vibes. We’re at the intersection of hip-hop culture and web3, exploring this new digital frontier. Who better to guide you through these uncharted lanes than Ock Chain – The Bitcoin Boss and the Consensus Corner Boys?
Ock Chain doesn’t just cook up random details about cryptocurrency; he lives it. Ock’s been deep in the game since Bitcoin was just a baby.
And let’s not forget about the Consensus Corner Boys. They’re our skilled crew of blockchain enthusiasts. They’re here to educate, entertain, and enlighten.
Welcome to Blockchain Bodega!
Copyright © 2023 Blockchain Bodega. All rights reserved.