Fairshake backs six House members with $1 million each in 32-race push

• Fairshake is donating $1 million each to three Republicans and three Democrats on House Financial Services, part of spending across 32 races.
• The PAC held $108 million in cash on hand at the end of August and says it won 53 of 57 races it entered this cycle.
• CoinShares’ August survey of 30 managers overseeing $1.16 trillion found allocations rose to 1.2%, driven entirely by institutional rotation.

• $108M Fairshake’s cash reserve versus its $30M push against Sherrod Brown
• 1.2% average portfolio allocation to digital assets, up from last quarter’s sell-off low
• 22% 30-day bitcoin volatility, near its record low despite investor fear

Fairshake PAC said Monday (October 5) it will give $1 million each to six House members, split evenly between parties, as part of a wider effort touching 32 campaigns, the group told Roll Call. The spending push, first detailed by Cryptopolitan, pairs PAC money with voter mobilization from a separate Coinbase-backed group as Washington’s crypto market-structure bill sits stalled.

The Senate blocked that bill, known as the Clarity Act, on a bipartisan procedural vote last month, after the House passed it in July 2025. Lawmakers could not agree on ethics safeguards meant to prevent officials from enriching themselves through crypto ventures.

Fairshake Backs French Hill, Bryan Steil and Four Others With $1M Checks

The six recipients include Financial Services Committee Chair French Hill of Arkansas, digital-assets subcommittee Chair Bryan Steil of Wisconsin, and committee Vice Chair Bill Huizenga of Michigan. The three Democrats are Janelle Bynum of Oregon, Steven Horsford of Nevada, and Derek Tran of California, all of whom backed the Clarity Act when the House split 78-134 on the July 2025 vote.

Fairshake’s broader list runs to 19 Republicans and 13 Democrats, including Democratic Caucus Chair Pete Aguilar, Budget ranking member Brendan Boyle and Ways and Means Chairman Jason Smith. The PAC’s largest donors trace back to Coinbase, Ripple and venture firm Andreessen Horowitz, and the group separately plans to spend $30 million against former Senator Sherrod Brown’s Ohio campaign.

We back pro-crypto candidates who support American innovation in both parties. We’ve won 53 of the 57 races we engaged in this cycle and look forward to continuing to build on the largest pro-crypto caucus in American history.

Geoff Vetter, Fairshake spokesperson

Stand With Crypto Claims a 3 Million-Advocate Voter Network

Coinbase-backed group Stand With Crypto says it has built a network of more than 3 million registered advocates and supported 32 members of Congress who voted for the Clarity Act. Executive director Mason Lynaugh has framed the goal as proving crypto supporters are a voting bloc large enough to swing close races.

That voter base gives Fairshake’s money a delivery mechanism beyond television ads. Crypto, AI and online-betting firms together have become a growing force in midterm financing, with corporate political spending reaching $646 million this cycle, according to Public Citizen, of which $206 million came from crypto donors.

CoinShares: Regulation Still Tops the List for $1.16 Trillion in Managed Assets

CoinShares’ August survey of 30 fund managers found digital asset allocations climbed to 1.2% of portfolios, the first increase since the October 2025 sell-off began. The move came entirely from institutional investors, who funded the shift by selling fixed income and commodities rather than adding fresh capital.

Regulation remains the top concern among those already invested, which CoinShares links directly to Clarity Act uncertainty, the same bill Fairshake’s spending is meant to revive. Ether’s growth outlook deteriorated sharply on both the bill’s delay and high turnover among senior Ethereum Foundation staff, while bitcoin held the top spot for growth outlook and respondents flagged rising interest in Zcash, HYPE and SUI. Volatility ranked as the leading barrier for uninvested managers even though 30-day volatility sits near a record low of 22%, which CoinShares attributes to drawdown fear rather than realized price swings, an area regulators are also probing through moves like the <a href