Fairshake Backs 32 House Incumbents in Push for Bitcoin (BTC)-Friendly Congress

Fairshake's 32-Name House Slate

Fairshake, the political action committee funded by the crypto exchange Coinbase, Ripple Labs and Andreessen Horowitz, said on Monday that it will support 32 sitting members of the US House of Representatives in the November 2026 midterms. The list splits into 19 Republicans and 13 Democrats, and the committee is putting $6 million behind six of them right away, at $1 million per candidate: Democrats Janelle Bynum of Oregon, Derek Tran of California and Steven Horsford of Nevada, alongside Republicans French Hill of Arkansas, Bill Huizenga of Michigan and Bryan Steil of Wisconsin. All 32 backed the Digital Asset Market Clarity Act, the market-structure bill that would set clear roles for US financial agencies over digital assets and that failed a crucial Senate vote last month. Fairshake expects to spend more than $100 million on ads supporting House and Senate candidates across the 2026 cycle, with at least $30 million aimed at Ohio's Senate race, where Republican Jon Husted is running against Democrat Sherrod Brown. Spokesperson Geoff Vetter described the group as an issue-focused organization: “We back pro-crypto candidates who support American innovation in both parties.” The stakes reach beyond campaign math, since the next Congress will write the rules that govern spot trading in digital assets and the regulatory perimeter around Bitcoin (BTC) price oversight.

The slate is built around committee seats rather than competitive districts. Most of the 32 incumbents sit in districts they are favored to hold, and many occupy positions that will matter for the industry's next legislative push: several serve on the House Ways and Means Committee, which handles crypto tax questions, and others on the House Financial Services Committee, where Hill is chairman and led the chamber's crypto legislation, Huizenga is a senior member and Steil heads the digital assets subcommittee. On the Democratic side, the larger checks go to Horsford, who moved a bipartisan crypto tax bill through the House tax committee he sits on, and to Tran; Bynum, Tran and Horsford all carry an "A" rating on digital-asset issues from Stand With Crypto. Bynum took her Oregon seat from Republican Lori Chavez-DeRemer two years ago; Chavez-DeRemer later ran President Donald Trump's Department of Labor and resigned earlier this year amid misconduct allegations. The committee's primary record stands at 53 winners out of 57 backed races, part of its stated aim to build "the largest pro-crypto caucus in American history."

The Senate Front

The House has been the easier chamber for the industry. The Senate passed the stablecoin-focused GENIUS Act last year, but the more consequential market-structure bill, the Digital Asset Market Clarity Act, made no progress there in September, and its future is uncertain ahead of the midterms. Fairshake has not launched a public campaign against the senators who voted the bill down, a group that included every Democrat and a handful of Republicans. Its sharpest opposition effort instead targets former Ohio Senator Sherrod Brown, who once chaired a crypto-resistant Senate Banking Committee and is now attempting a return: the committee has devoted roughly $30 million to blocking him, and a separate PAC set up by Tyler and Cameron Winklevoss has added another $3 million. Vetter said in August that Fairshake held $122 million in cash on hand for the cycle. The consumer advocacy group Public Citizen counted $82 million in Fairshake ad spending for or against candidates as of June, less than half of the $189 million it estimates has come from advocacy groups and companies aligned with the crypto industry. Notably, the committee's independent ad buys do not mention crypto at all, focusing instead on the topics most likely to move voters.

Midterm Stakes for Bitcoin Policy

The throughline across the slate, the Ohio spending and the primary record is that Fairshake is buying staying power on the committees that will redraft digital-asset rules, rather than chasing headlines. The bill text of the Digital Asset Market Clarity Act, the proposal the 32 candidates all advanced, would divide oversight between the SEC and the CFTC; as a failed proposal it has no effective date and binds no entity until both chambers pass identical text. With polls showing Democrats favored to control both chambers in 2027, the $122 million war chest is a hedge on whichever party writes the next market-structure bill.