Crypto PAC Fairshake Backed Six Winners, Trump Also Endorsed
Fairshake, funded by Coinbase, Andreessen Horowitz and Ripple, reported six primary-backed candidates won after more than $20 million in crypto industry support; all five GOP winners had Trump endorsements.
On Tuesday, crypto political action committee Fairshake reported six primary victories for candidates the group supported. The PAC reported those candidates had received more than $20 million in support from crypto industry donors. All five Republican winners had endorsements from former President Donald Trump.
Fairshake is principally funded by Coinbase, Andreessen Horowitz and Ripple. The PAC supported five Republicans and one Democrat: Alabama Senate hopeful Barry Moore; Kentucky Senate candidate Andy Barr; and Georgia congressional candidates Houston Gaines, Jim Kingston and Clay Fuller. The group’s Democratic pick, Georgia state Rep. Jasmine Clark, also won her primary.
In a separate Kentucky contest, Trump-backed challenger Ed Gallrein defeated Rep. Thomas Massie.
Campaign sources and Fairshake spokespeople noted the PAC ran ads that highlighted Trump’s endorsements in these races. Fairshake did not run ads that mentioned digital assets in the contests held on Tuesday. One campaign source estimated the group spent millions on creative and media to promote the endorsements.
White House communications director Steven Cheung posted: “Do not ever doubt President Trump and his political power,” followed by, “Fuck around, find out.”
Fairshake released a statement calling the results “a clear victory for pro-crypto leaders,” and described the wins as a bipartisan mandate from voters in Georgia, Alabama and Kentucky.
Fairshake has signaled plans to spend up to nearly $200 million across the 2026 cycle. The Massie-Gallrein primary drew more than $32 million in total ad spending, one of the highest totals recorded for a House primary. Pro-Israel political action committees were reported to be the largest contributors to that ad spending and mentioned Israel in their messaging.
The Senate Banking Committee advanced the Clarity Act, a cryptocurrency bill, in a vote that split Senate Democrats; Senators Ruben Gallego and Angela Alsobrooks voted to move the bill to the full Senate.
Campaign finance records and public filings will show final tallies of ad buys and outside spending as results are certified and contests continue.
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