A political action committee from the cryptocurrency sector, Fairshake, is making a significant financial push for Republican candidates in the upcoming special congressional elections in Florida.
Two seats in the U.S. House of Representatives became available due to resignations, including that of Matt Gaetz, who was considered for a position in President Donald Trump’s administration amid allegations of engaging in sexual activities with a minor and drug use. The vacant seats are crucial for Republicans as they fortify their narrow majority in the House, prompting Democrats to invest considerable resources and focus on these races.
A branch of the Fairshake super PAC, designed to fund candidate advertising independently from campaign efforts, has previously stepped in during the primary to endorse candidates favorable to the cryptocurrency industry. They are now allocating an additional $1.2 million to back state Senator Randy Fine, who is contesting the seat previously held by Trump’s national security advisor, Michael Waltz, according to PAC spokesperson Josh Vlasto. Additionally, around $345,000 is directed toward supporting Jimmy Patronis, the state’s chief financial officer, to fill Gaetz’s former seat.
Both Republican candidates in the special election scheduled for April 1 align with Fairshake’s focus, as they advocate for digital assets. Early voting is set to kick off this weekend, with the Democratic Party also committing resources to the races. That said, recent electoral trends show these districts lean heavily Republican.
Nationwide, the House of Representatives is down by four members this month after the passing of two Democratic representatives from Texas and Arizona. Should Democrats succeed in winning all four open seats, Republicans would be left with only a one-vote majority.