Foresight News
Foresight News|May 17, 2026 11:03
**[U.S. Republicans Pressure Crypto Industry, Urge Fairshake Super PAC to Increase Midterm Election Spending]** Foresight News reports, citing Axios, that U.S. Republicans are increasingly dissatisfied with the political donations flowing from the crypto industry. They are urging the pro-crypto Super PAC Fairshake, which holds $165 million in funds, to explicitly support Republican candidates in this year’s midterm elections. Republicans argue that, given their significant progress in advancing pro-crypto legislation such as the *CLARITY Act*, Fairshake’s delay in announcing its election spending plans is disappointing. One key point of contention is Ohio Democratic Senate candidate Sherrod Brown. Fairshake spent over $40 million in 2024 to defeat then-Senator Brown, but Brown’s stance on the crypto industry has noticeably softened since then. Republicans are concerned that Fairshake may avoid engaging in this election cycle against Brown. Similarly, controversy surrounds New Hampshire Representative Chris Pappas, whose *Stand With Crypto* rating jumped from “F” to “A” within eight months. Republicans had originally hoped Fairshake would focus on targeting Pappas in the midterm elections. In response, Fairshake supporters argue that it is still too early to make a statement and emphasize that the PAC is bipartisan in nature, aiming to reward supporters and penalize critics rather than unconditionally backing Republicans. Some pro-crypto Republicans, such as the Winklevoss brothers, have already established independent groups specifically to support Republican candidates.
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