Fairshake

The Digital Asset Market Clarity Act has stalled after bipartisan opposition derailed a key procedural vote in the Senate. Ethics disputes, election timing, industry strategy and competing House and Senate approaches all weighed on the crypto market structure push.

Crypto super PAC Fairshake is committing $30 million to oppose Sherrod Brown’s Senate comeback bid in Ohio. The move revives a high-stakes political fight after the group spent $40 million against Brown in 2024.

The Digital Asset Market Clarity Act failed to advance in the U.S. Senate after falling short of the 60 votes needed to move forward. The defeat leaves crypto market structure policy in the hands of regulators for now, while industry groups reassess their political strategy.

Fairshake’s affiliate Protect Progress spent more than $2 million trying to defeat Democrat Oliver Gilbert in a Florida primary, but Gilbert won the crowded contest. The setback came as Fairshake pointed to a broader string of primary wins across Florida, Alaska and Wyoming.

Senate leadership has opened the first stage of floor action on the Digital Asset Market Clarity Act, keeping the crypto market structure bill alive for a possible September vote. The measure still faces unresolved disputes over ethics rules, illicit-finance provisions and stablecoin rewards before it can clear the Senate’s 60-vote hurdle.

Fairshake failed to save pro crypto Representative Shri Thanedar in a Detroit Democratic primary despite spending more than $2 million. The setback was offset by several wins for crypto backed candidates in Michigan and Washington, keeping the industry focused on Capitol Hill policy fights.

Maryland state delegate Adrian Boafo advanced to the general election after receiving more than $5 million in crypto industry support. The spending drew scrutiny from Senator Chris Van Hollen as Fairshake also backed candidates in New York and Utah.

Crypto super PAC Fairshake scored another primary-season victory as U.S. Representative Barry Moore won Alabama’s GOP Senate runoff. The group had spent more than $12 million backing the lawmaker, who has supported crypto legislation.