Morning Edition · Thursday, August 20, 2026Published at 1:47 AM EDT · New York

Crypto's Largest Political Fund Loses a $2 Million Florida Race as FTX Cases Close

Fairshake's spending failed in a primary where its advertisements drew criticism for using fabricated headlines, on the same day a court imposed trading bans on two former FTX executives.

Fairshake, the political action committee funded by digital-asset companies and a major source of crypto political money in the United States, spent roughly $2 million in Florida primaries and lost. The campaign had already attracted critic…