Super PAC Fairshake to Support Pro-Crypto Congressional Candidates
Digital asset-focused super PAC Fairshake has announced plans to support Republican and Democratic congressional candidates by spending $25 million on TV advertising. The super PAC will allocate the funds to 18 pro-crypto House candidates, including nine Republicans and nine Democrats. This strategic move aims to bolster the campaigns of these candidates in various states across the country, demonstrating Fairshake’s commitment to supporting crypto-friendly leaders.
Fairshake’s Investment in Pro-Crypto Candidates
Here’s a breakdown of the candidates receiving support from Fairshake in the upcoming congressional elections:
Democrats:
- Don Davis (NC-01)
- Yadira Caraveo (CO-08)
- Steven Horsford (NV-04)
- Mary Peltola (AK-AL)
- Pat Ryan (NY-18)
- Nikki Budzinski (IL-13)
- Tom Suozzi (NY-03)
- Angie Craig (MN-02)
- Eric Sorensen (IL-17)
Republicans:
- David Valadao (CA-22)
- Mike Garcia (CA-27)
- Juan Ciscomani (AZ-06)
- Lori Chavez-Deremer (OR-05)
- Zach Nunn (IA-03)
- Michelle Steel (CA-45)
- Young Kim (CA-40)
- Monica De La Cruz (TX-15)
- Bryan Steil (WI-01)
Pro-Crypto Funding for the 2024 U.S. Elections
Fairshake’s $25 million investment in House candidates marks the beginning of its financial support for pro-crypto candidates in the lead-up to the 2024 U.S. elections. The super PAC has accumulated a substantial war chest for this election cycle, with campaign finance data showing that it has raised approximately $203 million as of August 6. These resources will be crucial in advocating for policies that benefit the crypto industry.
Success of Fairshake’s Pro-Crypto Initiative
Earlier in the year, Fairshake’s efforts to back pro-crypto candidates yielded positive results, with 33 out of 35 supported candidates winning their House and Senate primary races. This success underscores the importance of supporting candidates who understand and champion crypto-friendly policies. Fairshake’s commitment to advancing the interests of the crypto industry through strategic investments in political campaigns is poised to have a lasting impact on the future of digital assets in the United States.
Hot Take: Investing in Crypto-Friendly Politicians
As a crypto enthusiast, staying informed about political developments that shape the regulatory landscape for digital assets is crucial. Fairshake’s initiative to support pro-crypto candidates highlights the growing influence of the crypto community in electoral politics. By backing candidates who prioritize innovation and responsible regulation in the crypto space, you are contributing to the long-term growth and acceptance of cryptocurrencies in the mainstream.
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