Crypto PACs reported spending $2.7 million in House races as the midterms approach.

With just 22 days to go until the US midterm elections, a crypto-aligned committee has announced another major ad spend to support “pro-crypto” candidates in 2026.

Entities affiliated with Fairshake, a US political action committee (PAC) funded primarily through contributions from investment banking firm Cantor Fitzgerald, cryptocurrency exchange Coinbase and Ripple Labs, reported millions of dollars in ad buys to support candidates favoring digital asset policies in the nation's midterm elections.

On Saturday, filings with the U.S. Federal Election Commission (FEC) showed a total of $2.7 million in media contributions by the PACs Defending American Jobs and Protecting Progress. Two Fairshake affiliates reported spending on media production and direct mail to support Democratic and Republican candidates running for 2026 U.S. House seats.

The spending included more than $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chairman Glenn Thompson, $512,000 for Rep. Pete Aguilar of California and $500,000 for Rep. Josh Gottheimer of New Jersey.

The FEC reports followed Firshik announcing days earlier that he plans to back 32 more House candidates in 2026, including six candidates to receive $1 million in media endorsements. None of the aforementioned six were included in the Defend American Jobs and Protect Progress spending, but some of the current administrators, including Emmer, Aguilar, Gottheimer and Thompson, were on the list.

As of August, a Fairshake spokesperson said the PAC has $122 million in cash as part of its midterm election strategy in an effort to attract more "pro-crypto" candidates to Congress. That strategy includes opposing former Banking Committee Chairman Sherrod Brown's election to the Ohio Senate with at least $30 million earmarked for media buys. While in office, Brown was a leading Democrat who voted against many bills that were considered favorable to the crypto industry.

All of Firshik's spending targets voted for the Digital Assets Market Transparency Act (CLARITY) of 2025, a bill aimed at setting market structure rules for the cryptocurrency industry, including giving the federal commodity regulator, the Commodity Futures Trading Commission, more authority to oversee and enforce regulations. The bill passed the House of Representatives with bipartisan support, but failed to pass a procedural vote in the Senate in September.

Stand With Crypto, an initiative launched by Coinbase that ranks lawmakers and politicians based on public statements and industry-related voting records, warned after the failed CLARITY vote that candidates who failed to advance legislation could face "consequences" in the midterms. The group is trying to mobilize American voters in the upcoming elections, as it did in the 2024 race.