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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…
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Crypto's Political Money Buys Less
As digital assets become an ordinary political interest rather than a novel one, concentrated industry campaign spending delivers diminishing returns, and the sector's legislative outcomes depend increasingly on coalition-building rather than on money.
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