Crypto-backed political organizations have reportedly committed millions of dollars to Alabama’s Republican Senate primary runoff, making the race another high-profile test of the industry’s growing political influence ahead of the 2026 midterm elections.
According to an X post made by journalist Eleanor Terrett on Tuesday, crypto-focused political action committees have collectively spent heavily to support Rep. Barry Moore, who is competing against former Navy SEAL Jared Hudson for Alabama’s open U.S. Senate seat.
The Alabama Senate runoff is the latest example of cryptocurrency-backed political action committees deploying substantial funding in key U.S. elections as the industry seeks greater influence over future digital asset legislation.
Fairshake leads crypto spending in Alabama
Among the industry’s largest political contributors, Fairshake has reportedly spent more than $12 million backing Moore during the runoff campaign. Other crypto-supported organizations, including Fellowship PAC and the Blockchain Leadership Fund, have also invested significant sums in support of the Trump-endorsed congressman.
The financial backing underscores how crypto-funded political groups continue to target competitive congressional races where digital asset policy could become an important legislative issue.
Alabama race draws national attention
The Republican primary runoff will determine the party’s nominee for the Senate seat being vacated by Tommy Tuberville, who is leaving Congress to run for governor of Alabama.
Moore and Hudson have competed in a closely watched contest that has attracted support from multiple conservative organizations, with cryptocurrency-backed PACs emerging among the largest outside spenders. The race is one of several congressional contests where crypto industry funding has become increasingly visible during the current election cycle.
Crypto industry expands political influence
The Alabama runoff follows another successful election cycle for crypto-backed political groups in Texas. In May, industry-supported candidates won six key primary runoff races, giving crypto-backed PACs a reported 6-for-6 record across competitive contests.
Fairshake and its affiliated organizations were among the largest spenders, investing roughly $6.5 million to support Christian Menefee in Texas’s 18th Congressional District. The super PAC network also backed several other congressional candidates, while the Blockchain Leadership Fund supported multiple Republican races.
Meanwhile, Fellowship PAC, which has reportedly received backing from Tether, spent about $500,000 supporting Texas Attorney General Ken Paxton in his successful Republican Senate primary campaign against longtime incumbent John Cornyn.
Following the Texas results, Fairshake said it would continue backing candidates who support digital asset policies, signaling that the Alabama Senate runoff is part of a broader national strategy to influence future cryptocurrency legislation through congressional elections.
The industry’s growing political engagement comes as Congress continues debating legislation covering stablecoins, digital asset market structure, and broader cryptocurrency regulation.
Also Read: Crypto PACs Reshape US Elections: Trump’s Pro-Crypto Agenda Takes Shape
