Crypto Industry’s Fairshake PAC Boosts Republican Candidates in Florida

The crypto industry’s Fairshake political action committee is flooding Republican candidates with last-minute money in special congressional elections in Florida.

Two U.S. House of Representatives seats had become vacant due to resignations of their holders, who were appointed to positions in President Donald Trump’s administration. This includes Matt Gaetz, who faced accusations related to sexual misconduct and drug abuse. The open seats are crucial for Republicans to maintain control in a tightly contested House majority, prompting Democrats to invest significantly in these races.

An affiliate of the Fairshake super PAC, dedicated to funding candidate advertisements independently of campaign involvement, had already engaged during the primaries to support crypto-friendly candidates. It is now investing an additional $1.2 million to back state Senator Randy Fine, who is running for the seat vacated by Trump’s national security advisor, Michael Waltz. Additionally, it is allocating around $345,000 to support Jimmy Patronis, the state’s chief financial officer, in the race for Gaetz’s seat.

Both Republican candidates in the April 1 special election align with Fairshake’s interests, as they advocate for digital assets. Early voting is set to begin this weekend amid significant Democrat funding efforts. However, recent voting trends in these districts have heavily favored Republicans.

Currently, the House is short four members due to the recent deaths of two Democrat members from Texas and Arizona. Should Democrats win all four open seats, Republicans would be left with a narrow one-vote majority.