CoinTurk News EN and Crypto Economy agree on Fairshake's primary-season spending and results but give different figures for its total 2026 cycle spending.
CoinTurk News EN and Crypto Economy agree on Fairshake's primary-season spending and results but give different figures for its total 2026 cycle spending.
What all sources agree on
- Fairshake, along with affiliate PACs Protect Progress and Defend American Jobs, spent approximately $3.6 million across House and Senate races in Alaska, Florida, and Wyoming.
- Four out of five candidates backed by Fairshake-affiliated advertising advanced in their primaries.
- Defend American Jobs spent a combined $1.5 million supporting Nick Begich in Alaska, Sydney Gruters in Florida's 16th district, and Harriet Hageman in Wyoming, with Gruters and Hageman winning and Begich expected to advance.
- Protect Progress spent over $150,000 supporting Lois Frankel, who won in Florida's 23rd district.
- Protect Progress spent over $2 million in negative advertising against Oliver Gilbert in Florida's 24th district, who won his primary with 34.4% of the vote, defeating Shevrin Jones and Kendrick Meek.
- The Miami Herald reported on August 12 that the ads included fake/fabricated headlines from the newspaper misrepresenting Gilbert's positions, though a PAC spokesperson defended the underlying facts as true.
- Gilbert described the advertisers as targeting him with efforts by 'crypto scam artists/con artists trying to buy a Democratic primary,' linking the funds to Donald Trump's tech allies.
- Fairshake held a $193 million war chest as of January.
- The CLARITY Act passed the House in July with a 294-134 vote and awaits Senate action, with Democratic senators seeking stricter ethics rules on Trump family crypto involvement.
- Fairshake spokesperson Geoff Vetter said the PAC is 'just getting started' / 'just beginning' building the most pro-crypto Congress in history.
Where the reports disagree
1Total Fairshake spending for the 2026 election cycle
Fairshake has already funded over $130 million worth of advertising in support of candidates described as pro-crypto for the ongoing election cycle.
Fairshake reported a reserve of $193 million in January and has already accumulated over $82 million spent on the 2026 midterm election campaign.
What would settle it: Fairshake PAC's Federal Election Commission (FEC) filings disclosing total expenditures for the 2026 cycle.
What to make of it
The core narrative — $3.6 million in primary spending, four of five candidates advancing, the Gilbert race details, and the $193 million January war chest — can be treated as established across both reports. The total 2026 cycle spending figure ($130 million vs $82 million) is unresolved and should not be cited as a settled number until checked against Fairshake's FEC filings.
The core narrative — $3.6 million in primary spending, four of five candidates advancing, the Gilbert race details, and the $193 million January war chest — can be treated as established across both reports. The total 2026 cycle spending figure ($130 million vs $82 million) is unresolved and should not be cited as a settled number until checked against Fairshake's FEC filings.
