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Fairshake-aligned PAC wins primaries but loses Florida GOP race

The crypto-aligned PACs spent about $3.6 million on House and Senate races across Alaska, Florida, and Wyoming, with Florida’s 23rd district Protect Progress spending more than $150,000.

Reported · Written up by our desk · Regulation

Fairshake-aligned political action committees notched several primary wins on Tuesday, underscoring the crypto industry’s growing role in 2026 midterm election dynamics, according to Cointelegraph.

Cointelegraph reports that four of the five candidates backed by ads funded by the Fairshake-affiliated PACs Protect Progress and Defend American Jobs won their primaries or advanced across Alaska, Florida, and Wyoming.

Protect Progress spent more than $150,000 on supportive media tied to Florida’s 23rd congressional district race, where Democrat Lois Frankel won re-election, while Defend American Jobs spent a combined $1.5 million to support Republicans in Alaska, Florida, and Wyoming.

The report says the total spend by the PACs was about $3.6 million on House and Senate races in those states, including a Florida primary race in the 24th district that went to a Democrat who was targeted by more than $2 million in negative ads funded by Protect Progress, with Oliver Gilbert winning 34.4% of the vote.

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