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This crypto PAC and its super PACs are backing 32 House candidates in the midterms

Fairshake, a crypto political action committee (PAC), and its various affiliated super PACs are backing 32 candidates in the US House of Representatives for the midterm elections. Scott Melker outlines the details in the video above.

00:00 Speaker A

Fairshake Crypto pack Network Network backs 32 House candidates in midterms.

00:06 Speaker A

So listen, we know that Fair Fairshake has had a meaningful impact on elections, that the crypto lobby gives a lot of money to pro crypto candidates.

00:15 Speaker A

But the notion that it's only Republicans is wrong. So Fairshakes and its affiliated groups are backing 32 house incumbents.

00:23 Speaker A

19 Republicans and 13 Democrats. Six races are slated for approximately 1 million each in support. and I believe that's three Republicans and three Democrats.

00:33 Speaker A

This is super pack election spending, obviously not million dollar checks handed directly to the candidates.

00:39 Speaker A

Fairshake and their uh and their affiliates reportedly have about 120 million available, so a lot more dry powder than this.

00:46 Speaker A

You may remember that they already committed nearly 30 million dollars just to go against Sherod Brown in Ohio, who was one of the leaders alongside Elizabeth Warren in the anti crypto army. Interestingly, he already lost.

00:59 Speaker A

He got kicked out of the Senate and he's trying to make a comeback. right?

01:02 Speaker A

It's like Britney Spears. Um,

01:05 Speaker A

and he's trying to make a comeback against John Husted or Husted, I don't follow any of these. you know, which is the guy that was appointed to the different Ohio seat that was vacated by JD Vance. So, they're spending a hell of a lot of money to make sure this guy does not get back into power. If you're wondering why the political

01:21 Speaker A

uh hot ball of money here is so important for crypto, you should listen to my conversation I had yesterday on my YouTube channel with Dennis Porter because there is a real world where Maxine Waters, who famously was buddy buddy with SBF, but now hates crypto, could be the head of uh finance in the house, and Elizabeth Warren could be the head of the banking committee in the Senate if there's a blue wave. So the crypto pack is going to step up massively to try to make sure that that doesn't happen.

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