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Fairshake Network Spends Millions on Primaries as CLARITY Talks Remain Unresolved

Concentrated crypto PAC funding seeks to elect pro‑crypto lawmakers before a tightening congressional calendar could fix the details of digital‑asset rules.

Overview

  • Recent reporting places total spending by Fairshake‑linked PACs in key primaries at between $7 million and $8 million directed at contests in Maryland, New York and Utah.
  • Protect Progress has been the largest spender, reporting about $5.5 million for Maryland state delegate Adrian Boafo and roughly $1.4–$1.5 million for Representative Ritchie Torres, with Fellowship PAC adding about $300,000 to Torres’s race.
  • Those targeted expenditures follow an earlier high‑profile Fairshake outlay of about $12 million in Alabama’s Republican Senate runoff, showing a pattern of concentrated outside money in close contests.
  • Negotiations over the CLARITY Act remain active but unresolved, with much of the bill under the Senate Agriculture Committee’s jurisdiction and Chairman John Boozman warning that many members still lack a clear grasp of the text.
  • Industry groups have increased outreach to senators and staff, and White House adviser Patrick Witt and Senator Bill Hagerty have voiced cautious optimism about progress before recesses, a timetable that helps explain the surge in political spending and lobbying.