The biggest midterm election bet in the crypto industry so far has been placed in Alabama, with Fairshake investing over $12 million to support Barry Moore.

BlockBeats News, June 17, according to The New York Times, the crypto industry’s super political action committee Fairshake and its affiliated organizations have invested approximately $12.1 million in the Republican primary for a U.S. Senate seat in Alabama to support pro-crypto Republican Congressman Barry Moore. Among them, data from advertising monitoring agency AdImpact shows that ad spending on television alone reached $9.8 million.

Barry Moore has supported multiple bills prioritized by the crypto industry and has publicly opposed central bank digital currency (CBDC). He said he does not want the government to control people’s financial activities. Fairshake’s campaign ads have focused on emphasizing Trump’s endorsement of Moore.

As of May this year, Fairshake and its affiliated organizations hold about $150 million, and are regarded as one of the most influential political forces in the 2026 U.S. midterm elections. The organization plans to keep most of its funds for the fall elections, while continuing to back pro-crypto candidates in certain “safe seat” primaries.

Previously, Fairshake invested about $9 million in the Democratic primary for an Illinois senator to support the opposition, but failed to prevent Julianna Stratton from winning. In Alabama this time, Fairshake’s affiliated organization Defend American Jobs has cumulatively invested about $10 million to support Barry Moore, while the amount of funding supporting his opponent, retired Navy SEAL Jared Hudson, is significantly smaller.