Crypto's Fairshake Political Action Committee Gives Republicans Last-Minute Funding Ahead of Florida Elections
A major campaign is investing $1.5 million in a special election in Florida that could have a significant impact on the Republican Party's majority in the House of Representatives.
Jesse Hamilton | Edited by Nikhilesh De Updated Mar 21, 2025 20:03 UTC Published Mar 21, 2025 14:18 UTC
Important facts:
- Two U.S. House seats up for grabs in special elections in Florida have attracted new investment from key cryptocurrency industry policy committee Fairshake.
- These seats are critical for Republicans to maintain their majority in the House of Representatives.
- One of the vacancies involves Matt Gaetz, a congressman who was nominated by President Donald Trump to be attorney general but who declined the job because of a series of criminal charges.
Fairshake, a political committee representing crypto industry interests, is making last-minute funding contributions to Republican candidates in Florida's special congressional elections.
Two U.S. House seats have become available due to resignations when their holders were appointed to positions in President Donald Trump’s administration, including that of Matt Gaetz, a politician Trump tried to appoint as attorney general but who was implicated in underage sex and drug abuse allegations. The open seats are critical to Republicans’ control of their slim majority in the House, so Democrats have devoted significant resources and attention to the races.
The Fairshake super PAC, which is designed to fund candidates’ ads regardless of their campaign involvement, has already thrown its weight behind the primaries to attract crypto-friendly candidates. Now it’s throwing another $1.2 million toward state Sen. Randy Fine, who is running for the seat vacated by Trump’s national security adviser Michael Walz, according to PAC spokesman Josh Vlasto. It’s also giving about $345,000 to state Chief Financial Officer Jimmy Patronis to fill Gaetz’s seat.
Both Republican candidates in the April 1 special election are emphasizing Fairshake’s core principle: They support digital assets. Early voting begins this weekend, and Democrats have also committed funds. However, the results of the recent elections have clearly favored Republicans.
The House is currently four seats short after two Democrats, from Texas and Arizona, died this month. If Democrats can win all four seats, Republicans will be left with a one-vote majority.
