Major cryptocurrency group spending millions to back House members in midterms

A major cryptocurrency spending group is backing 32 House candidates from both parties ahead of the November midterms. Fairshake will spend $1 million each to support six candidates, including several in competitive races. All 32 backed a major crypto bill that stalled in the Senate this year. Fairshake is emphasizing its bipartisan approach, but its largest general election investment is nearly $30 million against Democratic Senate candidate Sherrod Brown in Ohio.

The group also spent heavily against Brown in 2024. Fairshake and its affiliates still have about $120 million available, raising questions about where they will spend next.

Read the original report at Apnews.