Crypto Super PAC Fairshake Spends $12M to Secure Alabama Senate Primary Win
The crypto super PAC Fairshake secured another primary victory by backing U.S. Representative Barry Moore in Alabama's Senate runoff election. Moore, a loyal supporter of crypto legislation, received more than $12 million in spending from Fairshake, the largest sum deployed in any congressional race this cycle. On Tuesday, Moore won the Republican primary runoff against former Navy Seal Jared Hudson, capturing nearly 56% of the vote. Given Alabama's deep Republican lean, Moore is expected to win the November general election. This victory follows a setback in Illinois, where Fairshake failed to defeat Lt. Gov. Juliana Stratton. Fairshake, primarily funded by Coinbase, a16z Crypto, and Ripple, reported nearly $150 million cash on hand to continue supporting pro-crypto candidates. Moore has consistently voted for pro-crypto legislation in the House and aims to move to the Senate seat held by Tommy Tuberville.
Key facts
- Fairshake spent over $12 million backing Barry Moore in Alabama's Senate runoff.
- Moore won the Republican primary runoff with nearly 56% of the vote.
- This is the largest spending by a crypto PAC in a single congressional race this cycle.
- Fairshake has nearly $150 million cash on hand for future elections.
- Moore has voted for all notable crypto legislation in the House.