Crypto PAC Fairshake to spend $5M backing Barry Moore Senate bid
Defend American Jobs, an affiliate of the crypto-focused super PAC Fairshake, plans to spend $5 million to support Barry Moore’s bid for the U.S. Senate, Bloomberg reported, citing a statement from Fairshake.
The five-week campaign begins this week and will feature ads on broadcast television and the Fox News Channel that include U.S. President Donald Trump endorsing Moore, according to the report.
Super PACs may raise funds from corporations and associations but are barred from donating directly to or coordinating with candidates. Instead, they finance advertising and other communications encouraging voters to support specific candidates. Fairshake said it backs Moore as a candidate focused on economic growth and making the United States a leader in crypto.
Fairshake, supported by companies including Coinbase and Ripple Labs, is among the most active crypto-related political committees. It spent roughly $130 million during the 2024 U.S. elections to support pro-crypto candidates, resulting in numerous officials with favorable views on digital assets being elected.
Moore rated ‘strongly supportive’ of crypto
Moore was first elected to the U.S. House in 2020 and served on the House Agriculture Committee, which last year included the Digital Asset Market Clarity Act on its agenda.
He has previously expressed support for the sector. In a Dec. 5 post on X, he appeared to endorse Trump’s approach to crypto and related executive orders.
“Crypto is not a fad. It is part of our future. It is part of Alabama’s future,” Moore said.
A survey of 500 Republican voters, reported by the Alabama Daily News, indicated that 26% would vote for Alabama Attorney General Steve Marshall if the election were held in February, while 17% said they would vote for Moore.
Both candidates hold a “strongly supportive” crypto rating from advocacy organization Stand With Crypto, which assesses U.S. politicians based on prior statements and actions.
The U.S. midterm primary elections are scheduled for May, when each party will select its nominee, followed by the general election on Nov. 3.
Fairshake disclosed in January that it held $193 million in cash ahead of the midterms. The Gemini Trust Company and Foris Dax, the parent company of Crypto.com, sent $21 million to a Trump-aligned PAC last year, which could also play a role in the midterms.
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