Defend American Jobs, an affiliate of the crypto-focused super PAC Fairshake, is expected to spend $5 million to back Barry Moore’s US Senate campaign, according to a Bloomberg report.
The five-week advertising push is set to begin this week and will include spots on broadcast television and Fox News featuring an endorsement of Moore from US President Donald Trump, Bloomberg reported Tuesday, citing a Fairshake statement.
Super PACs can raise unlimited funds from corporations and associations but are prohibited from donating directly to candidates or coordinating with their campaigns. Instead, they spend on independent advertising and outreach aimed at influencing voters.
In a statement cited by Bloomberg, Fairshake said, “We are proud to stand with Barry Moore, a leader who will fight for economic growth and make America the crypto capital.”
Fairshake is among the most prominent crypto-aligned political action committees and is backed by major industry players including Coinbase and Ripple Labs. During the 2024 US elections, the group reportedly spent around $130 million supporting pro-crypto candidates, contributing to a wave of lawmakers with favorable views toward digital assets.
Moore’s Pro-Crypto Stance
Moore was first elected to the US House of Representatives in 2020 and previously served on the House Agriculture Committee, which had the Digital Asset Market Clarity Act on its agenda last year.
He has also publicly expressed support for the crypto sector. In a Dec. 5 post on X, Moore endorsed Trump’s position on digital assets and related executive actions, writing, “Crypto is not a fad. It is part of our future. It is part of Alabama’s future.”.
A survey of 500 Republican voters, cited by the Alabama Daily News, found that 26% would support Alabama Attorney General Steve Marshall if the election were held in February, while about 17% said they would back Moore.
Both candidates are rated “strongly supportive” of crypto by advocacy group Stand With Crypto, which evaluates US lawmakers based on their public statements and policy actions related to digital assets.
Crypto PACs Ramp Up Spending
The US midterm primary elections are scheduled for May, when each party will select its nominee. The general election will follow on Nov. 3, when voters will choose the winner.
In January, Fairshake disclosed that it had accumulated $193 million in cash ahead of the midterms. Separately, Gemini Trust Company and Foris DAX — the parent company of Crypto.com — contributed $21 million last year to a PAC aligned with former President Donald Trump, funds that could also influence the upcoming elections.
