Fairshake's $10 million Illinois misfire marks first big hitch in crypto political surge

The crypto sector's leading political action committee devoted more than 5% of its war chest trying to defeat a Senate candidate who just won her primary. What to know : The industry's super PAC, Fairshake, hit its biggest-ever campaign loss with its failed and very expensive opposition of Illinois' lieutenant governor in the state's Democratic primary this week. But the loss highlights a mostly successful record (and a continuing willingness to spend big), a spokesman for Fairshake said. Overall, the PAC spent more than $12 million on unsuccessful campaign efforts in Illinois, though the committee won in three other races there.