Four of the five candidates supported by ads funded by the cryptocurrency-aligned political action committee (PAC) Fairshake won their primaries or otherwise advanced on Tuesday, potentially a bellwether for the industry’s influence in the 2026 midterm elections.
On Tuesday, Democratic and Republican candidates supported by media funded by the Fairshake-affiliated PACs Protect Progress and Defend American Jobs, respectively, notched wins across three US states. Altogether, the PACs spent about $3.6 million on House and Senate races in Alaska, Florida and Wyoming.
Democrat Lois Frankel won re-election in Florida’s 23rd congressional district after Protect Progress spent more than $150,000 on supportive media. Defend American Jobs also spent a combined $1.5 million on ads to support Republican Nick Begich in Alaska’s at-large congressional district, Republican candidate Sydney Gruters in Florida’s 16th congressional district and…
