As the U.S. congressional primaries come to an end, Fairshake, a leading political action committee (PAC) funded by Digital Assets, has its sights set on the general election. The PAC announced Wednesday that it is starting to campaign for ad time in 18 precincts, planning to spend around $25 million to support crypto-friendly lawmakers. Fairshake spokesperson Josh Vlasto said in a statement: "We will continue to deploy resources to support leaders from both parties and the House and Senate who ...
Fairshake PACs have backed more than 20 victories in the 2024 US congressional primaries with huge sums of money, including this week's defeat of an incumbent congressman in New York. Although they did not mention digital assets in their campaign ads, it remains a mystery who controls the funds, how they work and whether they are involved. Fairshake PACs and the companies behind them declined to disclose information about their funding sources and organizational connections.