Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races

By Emily Wilkins. (CNBC). June 26, 2024.


  • A super PAC bankrolled by a small group of crypto companies has backed the winning candidate in 33 of the 35 House and Senate primary races it entered.
  • Fairshake PAC kicks off the general election season with a strong track record and at least $100 million to spend on crypto-friendly members of Congress.
  • The PAC has spent tens of millions already on ads that rarely mention crypto. Instead, the messages they deliver about “fairness” and “integrity.”

WASHINGTON — A super PAC bankrolled by top crypto companies notched several wins Tuesday night in congressional primaries, the latest in a series of victories by the newest big player in American election financing.

Fairshake PAC, which supports candidates across the political spectrum whose positions align with the crypto industry’s, will enter the general election campaign season with more than $100 million that it plans to spend to elect pro-crypto lawmakers to the House and Senate.

Read more here: CNBC.