Fairshake PAC sweeps 11 primary races with bipartisan crypto coalition
In brief
- Fairshake-backed candidates won all 11 contested primary races across nine California seats, New Jersey's 8th District, and South Dakota's Senate race.
- Democrats captured 10 of 11 victories, including California's Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa, and George Whitesides.
- Crypto groups employ deliberate bipartisan strategy to retain Congressional influence regardless of midterm outcomes.
Fairshake's Perfect Record
All 11 candidates supported by Fairshake affiliates advanced or won their races, extending the industry's electoral winning streak. California Democrats Zoe Lofgren, Ted Lieu, Dave Min, Lou Correa, and George Whitesides all secured primary victories. New Jersey Democrat Rob Menendez won his race, while South Dakota Republican Mike Rounds prevailed in his Senate primary. The 11-for-11 record marks a significant moment for crypto's political organizing—a sector that has historically struggled to coordinate across state lines and party boundaries.
Building Bipartisan Reach
The geographic and partisan diversity of the wins reflects a deliberate shift in crypto's political strategy. Rather than backing a single party, crypto groups have pursued a bipartisan approach to ensure influence regardless of which party emerges from the midterms. This strategy proved effective in Texas a week prior, where crypto-backed groups spent more than $9 million supporting candidates across both parties.
One notable outcome in Texas: Rep. Al Green, a House Financial Services Committee member and longtime crypto critic, lost his race. Green held an F rating from Stand With Crypto, the advocacy group tracking crypto-friendly legislators.
The Bigger Picture
The wins signal that crypto's political playbook is maturing. Rather than betting on a single outcome, the industry is hedging—backing pro-crypto candidates in both parties so that whichever coalition controls Congress after the midterms will include voices sympathetic to the sector. This approach mirrors how other industries (pharmaceuticals, defense, finance) have long operated, spreading donations across both aisles to maintain access and influence.
