Crypto super PAC Fairshake and its affiliated groups Protect Progress and Defend American Jobs spent approximately $154.5 million in the midterm elections, backing candidates who won roughly 92% of races across 93 contests. The PAC's supported candidates went 86-7 overall, including a dominant 28-0 record in Republican primaries and strong general election performance at 33-3.
Major victories included Nebraska Senator Pete Ricketts and Kentucky Senator Andy Barr. However, significant spending failed to deliver results in Ohio, where Fairshake invested about $56.6 million supporting Republican Jon Husted against longtime crypto critic Sherrod Brown. Brown ultimately won and returned to the Senate, potentially gaining influence over CFTC oversight and crypto market structure legislation through a possible Agriculture Committee chairmanship. House Digital Assets Subcommittee Chairman Bryan Steil and Vice Chairman Bill Huizenga also lost their races despite the PAC's efforts.
Fairshake Crypto Super PAC Spent $154.5M on Midterms; Backed Candidates Won ~92% of Races
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