Fairshake Spent $154.5 Million in Midterm Elections, Backed Candidates Won 92% of Races

Fairshake and its affiliated groups spent about $154.5 million independently across 93 midterm election races, with their supported candidates winning approximately 92% of the contests. According to Foresight News, Crypto in America reported that the groups—Protect Progress and Defend American Jobs—backed candidates who won 86 races and lost seven. In primaries, the groups’ candidates won 53 races and lost four, including a 28-0 record in Republican primaries; in general elections, they won 33 races and lost three. Key victories included Nebraska Sen. Pete Ricketts, whose race drew more than $13 million in related independent spending, and Andy Barr, who won a Kentucky Senate seat. Some major expenditures did not produce wins: Defend American Jobs spent about $56.6 million in Ohio backing Jon Husted against longtime crypto critic Sherrod Brown, who won. House allies Bryan Steil and Bill Huizenga also lost their reelection bids.