Fairshake crypto PAC backs 32 congressional candidates across both parties; Hadrian raises $40M, Grayscale pursues Hyperliquid ETF, Monad adds private settlement.
Regulation & Gov ·
Fairshake, a crypto-focused super PAC, is backing 32 House candidates in the upcoming election, comprising 19 Republicans and 13 Democrats. The decision to support candidates across both parties reflects an effort to build bipartisan political support for crypto-friendly legislation, though the group has notably declined to back certain pro-crypto swing-seat Democrats.
The PAC's candidate selection strategy has drawn scrutiny from observers who question whether its claimed bipartisan posture is genuine. Critics point to the omission of specific pro-crypto Democrats as evidence that the organization's political calculus may prioritize Republican candidates or specific seat dynamics over an evenly balanced approach to both parties.
Fairshake's backing pattern raises open questions about the criteria used to select endorsed candidates and whether future candidate lists will show similar imbalances. The scope of financial support allocated to each candidate and the specific legislative priorities the PAC intends to pursue through this cohort remain undisclosed.