The crypto industry’s campaign finance arm, Fairshake Political Action Committee, is already racking up victories in the initial primaries of the 2026 US congressional midterm elections, having endorsed several lower-profile candidates while opposing prominent, longtime Texas congressman Al Green.
A former Justice Department attorney backed by President Donald Trump, Jessica Steinmann, secured a commanding victory with nearly 70% of the vote in the Republican primary for Texas’ 8th District, according to state poll results. Among several candidates supported by Fairshake in Tuesday’s contests, she received the most, with more than $750,000 reported in the most recent filings with the Federal Election Commission.
Her campaign website described her as “a strong supporter of digital assets, blockchain technology and financial innovation that expands economic freedom,” and her primary victory in a Republican-leaning district bodes well for a potential victory in the November election.
“Voters responded to her commitment to strengthening the economy through innovation and ensuring that new technologies, like crypto, create jobs and prosperity in her community,” Fairshake said in a statement released after the primaries. With Steinmann and several other winners in these primaries, Fairshake will already be counting on some likely additions to his pro-crypto allies after the general election.
One of Fairshake’s biggest tests Tuesday — its attempt to unseat veteran Texas Democrat Green — appears headed for a runoff. Green has been among the more vocal Capitol Hill opponents of the crypto sector, voting against the legislation and earning an “F” grade from the advocacy group Stand With Crypto. But after Fairshake countered Green with $1.5 million in ads, the longtime lawmaker trailed his Democratic opponent, pro-blockchain Christian Menefee, in the newly redrawn congressional district where both incumbents were forced to pursue. Since none of the candidates received more than half of the votes, they go to a later run-off.
Also in Texas, Fairshake endorsed Republicans Chris Gober in the 10th, a conservative lawyer who founded Lex Politica to focus on political litigation and government investigations, and Trever Nehls in the 22nd, an Army veteran and Trump loyalist seeking to replace his identical twin brother in the seat. Gober won with more than 50% of the vote in a crowded field, and Nehls got 76%. Both districts have been Republican-dominated, giving Fairshake’s candidates a good chance to win the general election.
The super PAC had also backed Representative French Hill, the Arkansas Republican who chairs the House Financial Services Committee and the political spearhead of crypto legislation in the House of Representatives. Hill, backed by more than $400,000 in Fairshake ads, easily won his primary with 77%.
In North Carolina, the PAC endorsed a freshman, Republican Representative Tim Moore, who won 83% of the vote. His crypto voting record earned him an “A” rating from Stand With Crypto, and Fairshake put more than $80,000 into his run.
The crypto industry’s top PAC (and its two PAC affiliates) had $193 million on hand at the start of the campaign season. Fairshake is by far the sector’s dominant channel for campaign contributions, so large that it ranks among the largest PACs in the country, rivaling even the political parties’ own campaign arms.
When it weighs in on an election, it doesn’t do so to sway voters’ views on crypto. The ads Fairshake buys – without direct coordination with campaigns – make purely political arguments for or against a candidate, with no mention of digital assets. In the 2024 election, it endorsed 53 candidates currently serving in Congress.
Read more: Crypto PAC Fairshake seeks to force resistant Texas Democrat Al Green from US House
