Crypto PAC Fairshake leaps into first midterm Senate race with $5 million in Alabama

The industry's leading campaign-finance operation is getting behind a pro-crypto candidate, Barry Moore, in Alabama's Republican Senate primary. What to know : The crypto industry's campaign-finance arm is flexing with an opening $5 million for a Republican Senate primary election in Alabama as the congressional midterms — still nine months away — begin in earnest. Fairshake and its affiliate political action committees say they've got $193 million to spend, so far, which dwarfs most industry PACs and even some of the largest funds directly serving the political parties. Alabama congressman Barry Moore will receive supportive advertising with this money, and a Fairshake representative said the group has also dedicated funds to back Representative French Hill, the chairman of the House Financial Services Committee.