The Fairshake PAC and its affiliates are increasing their spending to support candidates in the 2024 US election. According to the latest filings with the Federal Election Commission (FEC), the organization has spent substantial amounts to back various candidates.
Expenses to Support Congressional Candidates
According to the FEC filings on September 5, Fairshake used more than $6.9 million for media buys and production to support candidates running for House seats in Colorado, North Carolina, Iowa, and Alaska. The expenditures included roughly $1.9 million for Democrat Mary Peltola in Alaska’s 1st Congressional District, $900,000 for Republican Zach Nunn in Iowa’s 3rd Congressional District, $2.2 million for Democrat Don Davis in North Carolina’s 1st Congressional District, and $1.9 million for Democrat Yadira Caraveo in Colorado’s 8th Congressional District.
Expenditures for Senate Elections
The filings also show that its affiliate Protect Progress spent more than $6.7 million to support Senate candidates in Arizona and Michigan. The Super PAC used roughly $3.5 million for a media buy favoring Representative Ruben Gallego in Arizona’s Senate race and $3.2 million for Representative Elissa Slotkin for the US Senate in Michigan.
Impact on US Elections
Fairshake PAC and its affiliates continue to exert significant influence on electoral races, directing funds to support candidates who advocate for the legalization of cryptocurrencies and blockchain technologies. According to Fairshake spokesperson Josh Vlasto, the organization plans to continue financing leaders from both parties who are committed to passing responsible regulation in this area.
The financial contributions of Fairshake PAC and its affiliates continue to play a crucial role in supporting candidates in the upcoming elections, potentially significantly impacting future legislative regulation of the crypto industry in the US.
Comments