Crypto PAC Fairshake spends record $12M on Alabama primary

U.S. crypto Super PAC Fairshake and its affiliates have poured approximately $12.1 million into the Alabama Republican Senate primary, marking the largest single-race expenditure of the 2026 midterm election cycle to date, The New York Times reported. According to ad data analytics firm AdImpact, $9.8 million of this was spent on television advertising alone. The spending supports Republican Representative Barry Moore, who has backed pro-crypto legislation and publicly opposed the introduction of a central bank digital currency (CBDC). Fairshake's ads have prominently featured President Donald Trump's endorsement of Moore. Fairshake, which had amassed a war chest of around $150 million as of May, plans to reserve most of its funds for the general election in the fall while continuing to back pro-crypto candidates in select, safe primary contests.