Fairshake, the political action committee financed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, will initially spend a combined $6 million to support six US House of Representatives candidates — the first wave of 32 endorsements the group has lined up ahead of the 2026 midterm elections.

The announcement, made on Monday, outlined backing for 19 Republican and 13 Democratic incumbents running in House races in 2026. Fairshake is expected to spend more than $100 million on advertisements supporting House and Senate candidates across the 2026 cycle, including at least $30 million in Ohio's Senate contest, where it backs Republican Jon Husted over Democrat Sherrod Brown.

"Fairshake has always been and always will be an issue-focused organization," spokesperson Geoff Vetter said. "We back pro-crypto candidates who support American innovation in both parties."

Three Republicans and three Democrats will each receive $1 million in spending ahead of the midterms, according to the PAC — an even split that is consistent with its stated bipartisan focus. The Democratic recipients are Oregon Representative Janelle Bynum, California Representative Derek Tran and Nevada Representative Steven Horsford, while the Republicans are Arkansas Representative French Hill, Michigan Representative Bill Huizenga and Wisconsin Representative Bryan Steil.

All 32 candidates slated to receive Fairshake's support voted to advance the Digital Asset Market Clarity Act, legislation that had been expected to establish clear roles for US financial agencies in overseeing digital assets. The bill failed to clear a crucial Senate vote, leaving the future of the Republican-led measure uncertain ahead of the midterm elections. The composition of the Congress seated in 2027 will help determine the measure's path forward, making the midterm results consequential for the industry's legislative agenda. Many polls have shown Democrats favored to take majority control of both the House and Senate in 2027.

Vetter said in August that Fairshake held "$122 million cash on hand" ahead of the midterms as part of its plan to "help build the largest pro-crypto caucus in American history."

Consumer advocacy group Public Citizen reported that the PAC had spent $82 million on advertisements opposing or backing candidates as of June — less than half of the $189 million the organization estimated had come from advocacy groups and companies aligned with the crypto industry. With the first $6 million now committed, further waves of endorsements and advertising spending are expected as the November 2026 elections approach.