TechFlow News: On February 11, according to CoinDesk, Fairshake—the largest political action committee (PAC) in the cryptocurrency industry—announced it will invest $5 million to support Alabama Republican Representative Barry Moore’s bid for the U.S. Senate in the primary election. With $193 million in funding, Fairshake’s move marks its formal entry into the congressional midterm elections.
Moore previously served on the House Committee on Agriculture and has publicly stated, “Cryptocurrency is not a passing fad—it is our future, and it is Alabama’s future.” Current polling shows Moore in second place in the primary, trailing behind State Attorney General Steve Marshall. A Fairshake representative said that, in addition to supporting Moore, the organization is also allocating funds to support House Financial Services Committee Chairman French Hill, who has been leading efforts to advance U.S. cryptocurrency legislation.
