Crypto PAC wins keep coming, but CLARITY still waits

Crypto investors are seeing a clear pattern in US politics: industry-backed candidates are winning primaries faster than Congress is moving the market structure bill the sector wants most.

Fairshake, the best-funded crypto super PAC, spent more than $12 million backing Barry Moore in Alabama's Republican Senate runoff. Moore won with about 56% of the vote, and in a heavily Republican state that likely makes him the next senator. The group also spent more than $7 million supporting Andy Barr in Kentucky's Senate primary, where he won with more than 60%. Across Southern primaries in May, Fairshake said it went 6-0, then 11-for-11 in June.

The strategy is simple: spend early in low-turnout primaries in safe seats, where a few million dollars can shape who reaches Congress. The effort is bipartisan. Through Protect Progress, a Democratic-aligned affiliate, crypto money backed Christian Menefee in Houston's 18th District, where he beat longtime incumbent Al Green in a Democratic runoff.

The political goal is the CLARITY Act. The bill would divide digital asset oversight between the SEC and CFTC and give the CFTC authority over most spot crypto markets. It passed the House in 2025, cleared the Senate Banking Committee in May, and has sat on the Senate calendar since June 1 with no floor vote scheduled.