Crypto-backed PACs Spend $1.5M in Florida, Alaska, Wyoming
After a Michigan primary loss, Fairshake affiliates Defend American Jobs and Protect Progress disclosed more than $1.5 million in ad spending for candidates in Florida, Alaska and Wyoming.
Federal Election Commission filings dated Thursday show Super PAC affiliates Defend American Jobs and Protect Progress reported a combined $1.5 million in media spending backing House and Senate candidates in Florida, Alaska and Wyoming. Defend American Jobs reported more than $500,000 for Representative Nick Begich’s re-election in Alaska’s at-large district, roughly the same amount for Republican Sydney Gruters in Florida’s 16th District, and additional spending for Representative Harriet Hageman in the Wyoming Senate contest. Protect Progress reported more than $50,000 in media buys for Democratic Representative Lois Frankel’s re-election in Florida’s 23rd District.
The disclosures followed a primary in Michigan’s 13th Congressional District on Tuesday in which Democratic incumbent Shri Thanedar lost to State Representative Donavan McKinney. Protect Progress had spent more than $2 million on media supporting Thanedar. Thanedar’s current term runs through January 2027.
Several of the candidates backed by the Fairshake affiliates voted for recent crypto-related legislation while serving in Congress. Begich, Frankel and Hageman supported the GENIUS Act and the CLARITY Act. Gruters has not made public statements on crypto policy beyond responding to an advocacy questionnaire indicating support for a crypto market-structure bill.
The FEC filings list the expenditures as media buys rather than direct contributions to campaigns. Fairshake and allied groups tied to the cryptocurrency industry have reported more than $170 million in spending this election cycle on House and Senate contests.
It was unclear as of the filings whether the Senate would take a vote on the CLARITY Act before a scheduled month-long recess. The advocacy organization Stand With Crypto has identified passing market-structure legislation as a primary goal for 2026 and maintains a candidate rating system based on voting records and public statements, which can guide political spending.
All 435 House seats and 33 Senate seats will be contested in 2026, allowing political action committees to target races based on lawmakers’ positions on crypto policy.
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