{
  "id": 14030702,
  "title": "Crypto PACs report $2.7M spending blitz on House races as midterms loom",
  "url": "https://urgent.news/2026/10/12/crypto-pacs-report-2-7m-spending-blitz-on-house-races-as-midterms-loom",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T18:55:49.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/crypto-pac-spending-house-races-2026-midterms"
  },
  "original_language": "en",
  "account": "In a significant display of support ahead of the 2026 US midterm elections, a crypto-aligned political action committee (PAC) has announced a $2.7 million ad spending initiative, according to filings with the US Federal Election Commission (FEC). Founded by Cantor Fitzgerald, investment banking company, investment, Coinbase, and Ripple Labs, the Fairshake committee has earmarked the funds for \"pro-crypto\" candidates running in House of Representatives elections. Among the recipients were House Majority Whip Tom Emmer, House Agriculture Committee Chair Glenn Thompson, California Representative Pete Aguilar, and New Jersey Representative Josh Gottheimer, each receiving over $75,000. Additional funding of $1 million each has been earmarked for six more candidates, though the specific recipients included incumbents such as Emmer, Aguilar, Gottheimer, and Thompson. Fairshake currently possesses a cash reserve of $122 million to champion a candidate lineup supportive of cryptocurrency-friendly policies. This strategy also includes opposing the election of Senate candidate Sherrod Brown, who has been critical of bills favored by the crypto industry. The committee's efforts come after the CLARITY Act, aimed at establishing market regulation for digital assets, failed to gain Senate approval in September. In response, Stand With Crypto, a Coinbase-led initiative, has vowed to penalize lawmakers who do not champion crypto-related legislation in the upcoming midterm elections.",
  "summary": "With just 22 days until the US midterm elections, a crypto-aligned committee has announced another major ad expenditure to support “pro-crypto” candidates in 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}