Cryptocurrency Fairshake Makes Recent Gains in Florida Congressional Race
Two winners of special elections that will help shore up Republicans' slim lead in the U.S. House of Representatives have received support for their campaigns from the cryptocurrency industry.
Jesse Hamilton | Edited by Nikhilesh De on April 2, 2025, 3:42 PM
Key points:
- Leading cryptocurrency political action committee Fairshake has endorsed two Republicans who won special elections in Florida to fill vacancies in the U.S. House of Representatives.
- New members include state Sen. Randy Fine and Florida CFO Jimmy Patronis, both of whom are advocates for digital asset technology.
This week, the crypto industry’s main political committee, Fairshake, threw its support behind Republican candidates in Florida’s special election to fill vacant seats in the U.S. House of Representatives. Both candidates won, further solidifying the party’s narrow national majority.
Two Florida seats became vacant when President Donald Trump invited previous members to join his administration, including his national security adviser Michael Walz and Congressman Matt Gaetz, whom Trump initially nominated to be attorney general but who quickly resigned under pressure from child sex and drug charges.
Florida voters chose state Sen. Randy Fine to replace Waltz and state Chief Financial Officer Jimmy Patronis to replace Gaetz. The races drew significant bipartisan attention and funding due to the importance of each seat to a tight majority in the House. While Democrats failed to swing conservative districts to their side, they gained significantly more support in both districts compared to the recent 2024 elections.
An affiliate of Fairshake PAC funded ads supporting pro-cryptocurrency candidates Patronis and Fine in the Florida primary and general elections, including a last-minute $1.5 million donation to help ensure their victory.
“We are excited to see two strong innovation leaders heading to Washington,” Fairshake spokesman Josh Vlasto said in a statement. “Both leaders have demonstrated a deep commitment to advancing growth-promoting policies and ensuring the U.S. leads the world in cryptocurrency and digital asset innovation.”
With both men in office, there are only two vacancies left in the House due to the deaths of Democratic members from Texas and Arizona.
