Republican candidates Jimmy Patronis and Randy Fine secured victories in Florida's special congressional elections Tuesday night, extending the GOP's narrow House majority with significant backing from crypto industry super PACs.
Fine captured 56.7% of the vote in Florida's 6th District against Democrat Josh Weil, while Patronis won Florida's 1st District with 57% against Gay Valimont.
Both campaigns received substantial support from Defend American Jobs, a Republican-focused crypto PAC operating within the broader Fairshake political funding network.
The Real Strategic Reserve? Crypto Super PAC Fairshake Raises $116 Million for 2026 Elections
Fairshake, the pro-crypto super PAC that dominated November’s U.S. elections and reshaped American digital assets policy, announced Thursday that it has already raised over $116 million to spend on the 2026 midterms. The donations include those from the usual suspects, such as Andreessen Horowitz, Coinbase, and Ripple—the corporations that principally bankrolled Fairshake’s $300 million blitz in 2024. However, other notable crypto firms and founders have also joined the party. Jump Crypto, the...
Those wins represent yet another victory for crypto industry interests.
Patronis and Fine "have shown a deep commitment to advancing pro-growth policies and ensuring the U.S. leads the world in crypto and digital asset innovation," Defend American Jobs said in an emailed statement to Decrypt after the results.
"Their election is a win for jobs, innovation, and American leadership."
While Fine's 14-point win margin shows a significant contraction from President Trump's 30-point advantage in the same district last November, it's worth mentioning that Weil had a $10 million war chest compared to Fine's roughly $1 million.
In January, Fairshake raised over $116 million, which has been directed toward spending for the 2026 midterms, Decrypt reported.
Lawmakers Pushing Ahead on Stablecoin, Crypto Market Structure Bills
Several U.S. legislators revealed Wednesday their plans to advance stablecoin and crypto market structure legislation through Congress over the next few days—steps toward fulfilling the Trump administration’s promises to the crypto industry. Speaking on a panel at the Digital Chamber’s Blockchain Summit 2025 Conference in Washington D.C., U.S. Rep French Hill (R-AR) said that in the “next few days,” lawmakers will publish in a revision to FIT 21, a legislative plan that provides regulatory guard...
Fairshake is affiliated with Defend American Jobs and Protect Congress. By the time the 2024 elections began, the network had invested some $133 million toward its cause.
Those efforts have helped secure GOP seats across the board in recent months and are intended to win favorable regulatory support in the years ahead.
With crypto legislation on stablecoins and market structure pending in Congress, the two new electoral wins could help solidify the slim Republican majority needed to advance pro-crypto bills.
Leading firms and leaders in the space—including exchange operator Coinbase, blockchain payments company Ripple, tech investor Andreessen Horowitz, and Gemini co-founders Cameron and Tyler Winklevoss—have all donated to Fairshake’s efforts.
Edited by Sebastian Sinclair
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