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Crypto PAC spends $2M in Florida race to back pro-crypto candidates

Market News
18 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Fairshake, a super PAC funded by Coinbase, Ripple, and other crypto firms, has invested about $2 million in Florida's 24th district special congressional election. This move targets opponents of crypto-friendly laws like the GENIUS Act and CLARITY Act, aiming to support candidates favorable to digital asset innovation. The retiring Florida representative who opposed these laws endorsed a Democratic candidate, prompting Fairshake to back rivals with negative ads. This effort follows Fairshake's success in influencing past elections to create a more crypto-friendly Congress.

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