Crypto PAC Fairshake bets $5 million on Senate race, Trump endorses Barri Moore

On February 11, Bloomberg reported that the affiliated organization of the cryptocurrency Super PAC Fairshake, Defend American Jobs, plans to spend approximately $5 million to support pro-cryptocurrency candidate Barri Moore in his bid for the U.S. Senate. The five-week campaign will run political ads on television and cable media, with former President Trump publicly endorsing Moore, quickly making this race a key indicator of U.S. crypto policy battles.

Super PACs can raise funds from corporations and associations but cannot donate directly to candidates. Instead, they influence voters through independent advertising and media campaigns. Fairshake stated that Moore is committed to economic growth and supports making the U.S. a “global crypto innovation hub,” which is why industry forces are rallying behind him.

Fairshake is considered one of the most influential crypto political organizations in the U.S., backed by major crypto companies including Ripple Labs. During the 2024 election cycle alone, the organization has invested about $130 million to support candidates advocating for digital asset legislation, ultimately helping to elect more “pro-crypto” officials to Congress.

Moore has served in the U.S. House of Representatives since 2020. He has participated in discussions on the Digital Asset Market Transparency Act and has publicly expressed support for the crypto industry multiple times. In December last year, he posted on social media that cryptocurrencies are not just a short-term trend but part of the future of the U.S. and Alabama. The advocacy group Stand With Crypto also rated Moore as a “strong supporter” of cryptocurrencies.

Polls show that Moore has approximately 17% support in the Republican primary, slightly behind his opponent Steve Marshall. As crypto industry funding and political resources continue to flow in, this Senate race could become a pivotal moment for the future of crypto regulation in the U.S.

The U.S. midterm primaries are scheduled for May, with the general election in November. Fairshake disclosed in January that it has raised about $193 million for this election cycle. As the ties between politics and the crypto industry grow closer, related legislative directions are increasingly becoming a focus of global market attention.