Crypto PACs Back 33 House Races With $200 Million Push

Cryptocurrency organizations have contributed more than $200 million to federal races in the current election cycle. This spending makes them the largest group of single-issue super PACs in United States history. They are aiming to replicate the results of 2024, when similar spending helped elect lawmakers favorable to the industry.

The push began after the Clarity Act, a bipartisan bill for digital asset market structure, stalled in the Senate in September. Democrats argued the legislation did not do enough to stop top government officials from profiting from crypto ventures. That legislative pause forced industry groups to focus on electing allies who can push the issue forward.

Fairshake, a major crypto advocacy network, is supporting 33 House candidates this year. The list includes 19 Republicans and 14 Democrats. Six incumbents are receiving a baseline of $1 million each. On the Republican side, that includes Bryan Steil of Wisconsin, French Hill of Arkansas, and Bill Huizenga of Michigan. On the Democratic side, the recipients are Janelle Bynum of Oregon, Derek Tran of California, and Steven Horsford of Nevada.

Corporate donors are fueling these efforts. Coinbase gave $25 million to Fairshake’s midterm operations in 2025. Ripple also donated $25 million to the cause that same year. Ryan VanGrack, vice chairman at Coinbase, said the goal is to move the financial system into the 21st century. He noted that voters care about affordability, and faster transactions can help with that.

The Ohio Senate race is a primary focus for these groups. Fairshake has already spent $55 million to oppose Sherrod Brown, a Democrat and former senator who is running against pro-crypto Republican Jon Husted. A Marist poll from mid-October showed Brown leading Husted by four points among likely voters. The margin of error is 4.5 percent, making the race competitive.

Industry leaders believe their previous investments paid off. Stu Alderoty, chief legal officer at Ripple, pointed to the GENIUS Act, which President Trump signed into law in July 2025. That bill created the first federal framework for stablecoins. Alderoty also cited recent regulatory clarity from the SEC and CFTC. Ripple recently received approval to charter a national trust bank.

Lawmakers and executives warn that the window for passing new legislation is closing. If the Clarity Act does not advance before the year ends, Congress will need to start a new bill from scratch. Andrew Cuomo, a board member at exchange OKX, suggested that lawmaking becomes difficult if a Democratic Congress oversees a Republican administration in January. Steven Horsford said stakeholders must stay engaged to make the case for legislation.