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A Fairshake spokesperson said that the PAC was \u201cjust getting started\u201c on its expenditures as part of efforts to fill US Congress with lawmakers friendly to the crypto industry.<\/p>\n
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\u2019s influence in the 2026 midterm elections.<\/p>\n
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.<\/p>\n
Democrat Lois Frankel won re-election in Florida\u2019s 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\u2019s at-large congressional district, Republican candidate Sydney Gruters in Florida\u2019s 16th congressional district and Representative Harriet Hageman for the US Senate in Wyoming. Gruters and Hageman won their primaries, while Begich is expected to advance in Alaska.<\/p>\n