On February 11, Bloomberg reported that the affiliated organization of the cryptocurrency Super PAC Fairshake, Defend American Jobs, plans to spend approximately $5 million to support pro-cryptocurrency candidate Barri Moore in his bid for the U.S. Senate. The five-week campaign will run political ads on television and cable media, with former President Trump publicly endorsing Moore, quickly making this race a key indicator of U.S. crypto policy battles.
Super PACs can raise funds from corporations and associations but cannot donate directly to candidates. Instead, they influence voters through independent advertising and media campaigns. Fairshake stated that Moore is committed to economic growth and supports making the U.S. a “global crypto innovation hub,” which is why industry forces are rallying behind him.
Fairshake is considered one of the most influential crypto political organizations in the U.S., backed by major crypto companies including Ripple Labs. During the 2024 election cycle alone, the organization has invested about $130 million to support candidates advocating for digital asset legislation, ultimately helping to elect more “pro-crypto” officials to Congress.
Moore has served in the U.S. House of Representatives since 2020. He has participated in discussions on the Digital Asset Market Transparency Act and has publicly expressed support for the crypto industry multiple times. In December last year, he posted on social media that cryptocurrencies are not just a short-term trend but part of the future of the U.S. and Alabama. The advocacy group Stand With Crypto also rated Moore as a “strong supporter” of cryptocurrencies.
Polls show that Moore has approximately 17% support in the Republican primary, slightly behind his opponent Steve Marshall. As crypto industry funding and political resources continue to flow in, this Senate race could become a pivotal moment for the future of crypto regulation in the U.S.
The U.S. midterm primaries are scheduled for May, with the general election in November. Fairshake disclosed in January that it has raised about $193 million for this election cycle. As the ties between politics and the crypto industry grow closer, related legislative directions are increasingly becoming a focus of global market attention.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The CLARITY Act is expected to pass by mid-year! JPMorgan: "8 Major Bullish Factors" ignite the cryptocurrency market in the second half of the year
JPMorgan's analysis team expects the U.S. Digital Asset Market Clarity Act (CLARITY Act) to complete legislation by mid-year, serving as a positive catalyst for the cryptocurrency market in the second half of the year. The bill will provide a clear regulatory framework for the crypto industry, promote innovation, and attract institutional investment. Once the bill is passed, it is expected to change the market structure and push Bitcoin's target price to $266,000.
区块客11m ago
Strait of Hormuz Tensions Push Up Oil Prices, Bitcoin Faces Liquidity Tests from All Sides
As the Middle East situation intensifies, the Strait of Hormuz has become a focal point for oil supply, disrupting tanker transportation. The expected range for crude oil price fluctuations is $70 to $150. Rising oil prices could impact the Bitcoin market, leading to liquidity tightening and increased deleveraging risks. Over the next four weeks, Bitcoin's performance will be influenced by the situation in the Strait of Hormuz. If the situation eases, the market may regain risk appetite.
GateNews1h ago
Hong Kong teams up with Shanghai to promote blockchain cargo trade, opening a new channel for cross-border financing
Hong Kong and Shanghai sign a Memorandum of Understanding to jointly develop a blockchain-based cross-border trade financing platform, aimed at improving trade efficiency and reducing risks. The platform will connect trade data and financing systems, supporting approximately $1.5 trillion in annual financing needs, promoting the integration of Hong Kong and mainland supply chains, strengthening the financial center status, and advancing digital infrastructure development.
GateNews1h ago
Bitcoin "dead" search volume soars! BTC remains in the $62,000 range after dropping 50%, data reveals the real signal
As Bitcoin prices have fallen from the 2025 all-time high to the range of approximately 62,000 to 70,000, market sentiment has become more pessimistic, and related searches have increased. However, on-chain data, network activity, and institutional participation still show resilience. Market analysis indicates that the volatility is mainly influenced by macro liquidity tightening, with institutions believing that the market structure remains stable and investors continue to focus on the impact of geopolitical events on Bitcoin prices.
GateNews1h ago
Gold safe-haven sentiment transmits to the crypto market, with tokenized gold demand soaring and whales accelerating purchases
As geopolitical risks increase, global capital's demand for gold as a safe haven rises, driving up gold prices. The demand for tokenized gold such as PAX Gold and Tether Gold is rapidly increasing, with some funds allocating gold assets through blockchain channels. Market observations show increased trading of gold tokens by Ethereum whales and institutions, reflecting investors' tendency to reduce risk exposure. The tokenized gold market remains active, with a total asset market value exceeding $6 billion, and future capital flows require further analysis.
GateNews2h ago
