Key facts
- Fairshake-affiliated PACs spent $3.6 million on primary races in Alaska, Florida, and Wyoming.
- Four of five candidates supported by Fairshake-funded media won their primaries or advanced.
- Oliver Gilbert won the Democratic primary in Florida's 24th district despite being targeted by over $2 million in negative ads.
- Gilbert accused 'Trump's tech billionaire buddies' of funding the ads, calling them 'crypto con artists'.
- Fairshake reported a $193 million war chest as of January and has spent over $82 million on elections.
Four of five candidates supported by the cryptocurrency-aligned political action committee (PAC) Fairshake advanced in their primaries on Tuesday, signaling potential industry influence in upcoming elections. The PACs, including Protect Progress and Defend American Jobs, spent approximately $3.6 million across races in Alaska, Florida, and Wyoming. While several supported candidates secured wins, Democrat Oliver Gilbert in Florida's 24th district won his primary despite facing over $2 million in negative ads funded by Protect Progress. Gilbert alleged that 'Trump's tech billionaire buddies' were behind the ads, calling them 'crypto con artists trying to buy a Democratic primary.' Fairshake, which reported a $193 million war chest as of January, aims to elect lawmakers favorable to the crypto industry.