The crypto industry’s powerful campaign-finance group, Fairshake, has officially launched its midterm election strategy, deploying millions of dollars to support pro-crypto candidates and challenge lawmakers seen as hostile to digital assets policy. At the top of its target list is Democratic Representative Al Green of Texas, a senior member of the House Financial Services Committee.
Fairshake, which has amassed a $193 million war chest for the 2026 congressional midterms, is moving quickly. Its affiliate super PAC, Protect Progress, announced a $1.5 million ad campaign opposing Green in his upcoming Democratic primary. The Texas primary is scheduled for next month, and Green faces a competitive race in a newly redrawn district.
Green has been a vocal critic of cryptocurrency regulation and has frequently raised concerns about risks to the U.S. financial system and retail investors. He co-sponsored legislation aimed at restricting President Donald Trump’s involvement in personal crypto ventures and has consistently voted against major crypto-related bills. His record earned him an “F” rating from Stand With Crypto, an organization that grades lawmakers on their support for blockchain and digital asset innovation.
His primary challenger, Christian Menefee, recently won a special election in the redrawn district and has expressed support for blockchain technology and crypto innovation. Stand With Crypto awarded Menefee an “A” grade, signaling strong alignment with the industry’s policy goals.
Financially, the race highlights the growing influence of crypto-backed political action committees. Green previously spent under $450,000 to win his 2024 race, but has raised over $700,000 so far in this cycle. Even so, that figure is less than half of Fairshake’s planned spending against him.
Beyond Texas, Fairshake is investing $5 million to support Alabama Republican Barry Moore in a Senate primary and is backing House Financial Services Committee Chairman French Hill. As an independent expenditure group, the super PAC funds general political advertising and cannot coordinate directly with candidates, underscoring the expanding role of crypto PAC spending in shaping U.S. crypto legislation and digital asset policy.
