Crypto PACs spend $14M targeting crucial US Senate and House races

With most state primaries for the US House and Senate completed, the Fairshake PAC and its affiliates are supporting candidates in the November election.

The Fairshake political action committee (PAC) and its affiliates are pouring more money to support candidates in congressional races as the 2024 United States election approaches.

According to a Sept. 5 filing with the Federal Election Commission (FEC), Fairshake used more than $6.9 million for media buys and production to support candidates running for House seats in Colorado, North Carolina, Iowa, and Alaska. The expenditures included roughly $1.9 million for Democrat Mary Peltola in Alaska’s 1st Congressional District, $900,000 for Republican Zach Nunn in Iowa’s 3rd Congressional District, $2.2 million for Democrat Don Davis in North Carolina’s 1st Congressional District, and $1.9 million for Democrat Yadira Caraveo in Colorado’s 8th Congressional District.

The media buys were part of a strategy announced by the Super PAC in August to spend an average of $1 million across 18 targeted congressional districts. Most of the lawmakers and candidates have voted in favor of pro-crypto legislation while in Congress or cosponsored similar bills. Rep. Davis attended a virtual town hall event for crypto advocates supporting Democratic nominee Kamala Harris in the 2024 presidential election.

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