Fairshake PAC wins most endorsed candidates in Southern primaries

A cryptocurrency industry political action committee secured victories for most of its endorsed candidates in Tuesday's primary elections across three Southern states, deploying more than $20 million in targeted spending. The Fairshake super PAC, funded principally by major firms including Coinbase and Ripple, supported five Republican candidates and one Democrat in races in Alabama, Georgia, and Kentucky.

All six candidates backed by Fairshake either won their primaries outright or advanced to a runoff. In Kentucky, Republican Andy Barr won the Senate primary with more than 60 percent of the vote. In Alabama, Republican Barry Moore, who received $7.4 million in support, will proceed to a runoff after leading his closest competitor by a significant margin but failing to secure a majority. In Georgia, Fairshake-backed candidates included Democratic state lawmaker Jasmine Clark, who won a crowded House primary, and three Republican House candidates, Jim Kingston, Houston Gaines, and Clay Fuller, who all secured victories.

Fairshake operates through affiliated groups, Defend American Jobs for Republican candidates and Protect Progress for Democrats perceived as supportive of...