The largest midterm election bet in the crypto industry so far lands in Alabama, with Fairshake investing over $12 million to support Barry Moore.

BlockBeats News, June 17, according to The New York Times, the crypto industry super PAC Fairshake and its affiliated organizations have invested approximately $12.1 million in the Republican Senate primary in Alabama to support pro-crypto Republican Representative Barry Moore. Data from ad monitoring agency AdImpact shows that TV ad spending alone reached $9.8 million.

Barry Moore has backed several bills prioritized by the crypto industry and has publicly opposed central bank digital currencies (CBDC). He stated that he does not want the government to control citizens' financial activities. In campaign ads, Fairshake has focused on highlighting Trump's endorsement of Moore.

As of May this year, Fairshake and its affiliated organizations held approximately $150 million in funds, making it one of the most influential political forces in the 2026 U.S. midterm elections. The organization plans to reserve most of its funds for the fall elections while continuing to support pro-crypto candidates in some "safe seat" primaries.

Previously, Fairshake invested about $9 million supporting opponents in the Illinois Democratic Senate primary but failed to prevent Julianna Stratton from winning. In Alabama, Fairshake’s affiliated organization Defend American Jobs has now invested a total of about $10 million to support Barry Moore, while funding for his opponent, retired Navy SEAL Jared Hudson, is significantly smaller.