Fairshake-backed candidates notch about 50 U.S. primary victories ahead of November vote

  • Fairshake-backed candidates have won about 50 U.S. midterm primary contests.
  • About 50 candidates supported by Fairshake have won their primary elections.
  • Fairshake is shifting its attention to the November general election after Massachusetts results.

Fairshake, a crypto-industry political action committee, has accumulated about 50 victories among candidates it supported in U.S. midterm primary elections. The latest win came in Massachusetts, where incumbent House member Jake Auchincloss prevailed. With the November general election now the group’s focus, its campaign spending could affect the next congressional makeup and the consideration of cryptocurrency legislation. Coinbase, Ripple and a16z are among Fairshake’s main funders, CoinDesk reported.

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