The crypto industry's largest midterm election bet to date has landed in Alabama, with Fairshake investing over $12 million to support Barry Moore.

June 17 — The crypto industry’s Super PAC Fairshake and its affiliated groups have invested roughly $12.1 million in Alabama’s Republican Senate primary, with the funds earmarked to support pro-crypto Rep. Barry Moore, according to a report from The New York Times. Data from advertising analytics firm AdImpact shows that TV ad spending for this effort has reached $9.8 million alone. Moore has a history of backing cryptocurrency-friendly legislation and has publicly opposed Central Bank Digital Currencies (CBDCs), stating he does not want the government controlling individuals’ financial affairs. Fairshake’s campaign ads prominently feature an endorsement of Moore from former President Donald Trump. As of May this year, Fairshake and its affiliated organizations held approximately $150 million in funds, making it one of the most influential political forces ahead of the 2026 U.S. midterm elections. The group plans to reserve the majority of its funding for the general election and continue supporting pro-crypto candidates in certain "safe seat" primaries. Previously, Fairshake invested around $9 million in Illinois’ Democratic Senate primary to back an opposing candidate, though it failed to prevent Julianna Stratton from winning that race. This time in Alabama, Fairshake affiliate Defend American Jobs has cumulatively put roughly $10 million toward supporting Barry Moore, while his opponent — retired Navy SEAL Jared Hudson — has a significantly smaller campaign budget.