Fairshake Political Action Committee, the campaign finance arm of the cryptocurrency industry, has made a big splash in the primaries for the 2026 U.S. congressional midterm elections, backing several low-profile candidates while also opposing Al Green, a prominent long-time congressman from Texas.
Jessica Steinman, a former Justice Department attorney backed by President Donald Trump, scored a landslide victory in Texas’ 8th District Republican primary with nearly 70 percent of the vote, according to state polls. Fairshake received the largest bonus of any of the candidates she endorsed in Tuesday’s race, with more than $750,000 in bonuses, according to recent Federal Election Commission filings.
Her campaign website describes her as a “staunch supporter of digital assets, blockchain technology and financial innovation that expands economic freedom,” and her primary victory in a Republican-leaning district foreshadows a potential victory in the November general election.
“Voters responded to her commitment to strengthening the economy through innovation and ensuring emerging technologies like cryptocurrencies create jobs and prosperity for communities,” Fairshake said in a statement released after the primary. With Steinman and several other primary winners on board, Fairshake is already expected to add a number of pro-crypto allies after the election.
One of Felshack’s biggest tests on Tuesday — its attempt to unseat Greene, the senior Texas Democrat, appeared to be heading toward a runoff. Greene has been one of the most outspoken opponents of the cryptocurrency space on Capitol Hill, voting against the legislation and earning an “F” rating from advocacy group Pro-Crypto. But after Fairshake launched a $1.5 million ad campaign against Greene, the longtime lawmaker fell behind his Democratic opponent, blockchain-supporting Christian Menefee, in the newly redrawn congressional district, and both incumbents were forced to pursue the goal. Since neither candidate received more than half of the vote, they will advance to a later runoff.
Also in Texas, Fairshake endorsed Republicans Chris Gober on the 10th, a conservative attorney who founded Lex Politica that focuses on political litigation and government investigations, and Trever Nehls on the 22nd, a military veteran and Trump loyalist who is seeking to replace his identical twin brother. Gober won with more than 50 percent of the vote in a crowded field, with Niles receiving 76 percent of the vote. Both districts are dominated by Republicans, giving Felshack’s candidate a good chance of winning the general election.
The super PAC has also backed Rep. French Hill, R-Ark., chairman of the House Financial Services Committee and a political spearhead of House cryptocurrency legislation. Hill easily won the primary with 77% of the vote, backed by more than $400,000 in Fairshake advertising.
In North Carolina, the PAC supported freshman Republican Rep. Tim Moore, who won 83% of the vote. His cryptocurrency voting record earned him an “A” rating from Stand With Crypto, and Fairshake invested more than $80,000 in his campaign.
The cryptocurrency industry’s top PAC (and its two PAC affiliates) started the campaign season with $193 million on hand. Fairshake is by far the industry’s main conduit for campaign contributions, so large that it is one of the largest political action committees in the country, rivaling even political parties’ own campaign arms.
When it affects elections, it won’t do so to influence voters’ views on cryptocurrencies. Advertisements purchased by Fairshake purely made political arguments on behalf of or against candidates without direct coordination with campaigns and made no reference to digital assets. In the 2024 elections, it supports 53 candidates currently serving in Congress.
Read more: Crypto PAC Fairshake seeks to force Texas Democrat Al Green to boycott U.S. House of Representatives
