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RandySF

(83,657 posts)
Wed Mar 18, 2026, 06:23 AM 4 hrs ago

Deep-pocketed crypto super PAC eyes New York House races in 2026

Fairshake, the dominant cryptocurrency industry super PAC, has its eyes set on New York congressional races in this year’s midterm elections. And while the bipartisan PAC hasn’t named targets in the state yet, we have some hints.

The PAC is closely watching the Digital Asset Market Clarity Act of 2025, Fairshake spokesperson Josh Vlasto told City & State. They support the bill, which passed the House in July but has stalled in the Senate. It would establish a broad regulatory framework for crypto assets that critics – including big banks – claim would make it harder for the government to detect fraud and illicit activities.

Candidates to watch include Democratic Reps. Laura Gillen, Dan Goldman and Ritchie Torres, who all broke with the majority of their party to vote with Republicans to pass the bill, also known as the CLARITY Act. All three New Yorkers now facing primary challenges from the left – and Gillen could also face a competitive November race in her swing district.

Torres was even a co-sponsor of the legislation. And after Fairshake and an affiliated super PAC, Protect Progress, spent more than $173,000 boosting him in a non-competitive election last cycle, he’s already received some $232,200 from crypto titans for the current election cycle, including leaders from firms Andreessen Horowitz, Ripple Labs and Coinbase. That’s according to Follow the Crypto, a project by independent cryptocurrency researcher and journalist Molly White




https://www.cityandstateny.com/politics/2026/03/deep-pocketed-crypto-super-pac-eyes-new-york-house-races-2026/412198/?oref=csny-homepage-river

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