The crypto industry’s most potent political weapon just posted a perfect record. Fairshake, the Super PAC bankrolled primarily by Ripple Labs and Coinbase, spent a combined $20 million across primary races in Georgia, Alabama, and Kentucky on Tuesday, and every single candidate it backed either won outright or advanced to a runoff.
Five Republicans and one Democrat emerged from the evening with their campaigns intact. For an industry that spent years being told to “come back when you have lobbyists,” this is the come-back-with-lobbyists moment, except with something arguably more effective: a war chest that makes traditional corporate PACs look underfunded.
Where the money went
Fairshake operates through a network of affiliate PACs designed to play both sides of the aisle. Defend American Jobs backs Republican candidates, while Protect Progress targets Democrats considered sympathetic to crypto-friendly policy. Together, they form a bipartisan spending machine that can deploy capital wherever a race looks competitive.
In Alabama, roughly $5 million went toward supporting Rep. Barry Moore’s Senate campaign through a targeted advertising blitz. That’s a substantial sum for a single primary race, the kind of spending that typically comes from national party committees rather than industry-specific PACs.
