With 22 days remaining before the US midterm elections, political groups tied to the crypto industry have disclosed a new round of spending aimed at House contests in 2026. Federal Election Commission filings show that two Fairshake affiliates, Defend American Jobs and Protect Progress, reported a combined $2.7 million in media and direct mail expenditures.

The spending is part of a broader effort by Fairshake and related groups to support candidates they see as favorable to digital asset policy. The PAC has previously said it was preparing a large midterm campaign and, as of August, reported having $122 million available for that strategy.

House candidates backed by the ad buys

The newly disclosed expenditures were spread across both Democratic and Republican candidates in House races. According to the filings, the reported outlays included more than $76,000 in support of House Majority Whip Tom Emmer and about $73,000 for House Agriculture Committee Chair Glenn Thompson.

The filings also showed much larger sums directed toward California Representative Pete Aguilar and New Jersey Representative Josh Gottheimer. The two candidates accounted for roughly $512,000 and $500,000, respectively, in the reported spending.

Fairshake network expands its 2026 election activity

The groups making the purchases, Defend American Jobs and Protect Progress, are affiliated with Fairshake, a crypto-aligned PAC active in federal elections. The organization has been funded largely by Cantor Fitzgerald, Coinbase and Ripple Labs, according to the source report.

The latest disclosures add to the picture of a coordinated campaign centered on electing lawmakers viewed as supportive of the digital asset sector. The spending described in the filings was specifically for media placements and direct mail.

Part of a larger midterm war chest

Fairshake said in August that it had $122 million on hand for its midterm push. That figure underscored the scale of the organization’s election plans well before the latest House spending was reported.

The PAC has said its strategy is not limited to backing friendly candidates. It also includes efforts against candidates it does not view as aligned with its policy goals.

Another major target is Ohio’s Senate race

Beyond the House expenditures, Fairshake has also targeted Ohio’s Senate contest. Its broader 2026 strategy includes opposing former Senate Banking Committee chair Sherrod Brown in that race.

According to the source report, at least $30 million has been allocated for media buys tied to that effort. The next confirmed step is the continued reporting of campaign expenditures as the final weeks before the midterms unfold.

Source: cointelegraph.com