Two House incumbents backed with approximately $1 million each by crypto PAC Fairshake lost their midterm elections, according to NBC News projections and FEC filings analyzed by Unchained. Reps. Bryan Steil (R-WI) and Bill Huizenga (R-MI) were among six candidates who received the hefty October spending from the pro-crypto political action committee.
The losses mark a setback for Fairshake's strategy of deploying significant funds in the final weeks before Election Day to support Republican incumbents aligned with its policy agenda. The outcome raises questions about the effectiveness of late-cycle spending in competitive House races.
Crypto PAC Fairshake Loses Two of Six Incumbent Candidates It Spent $1M Each On
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