The cryptocurrency industry’s most heavily funded Senate bet of the 2026 election cycle paid off Tuesday as Barry Moore secured victory in Alabama’s Republican primary runoff, marking another win for crypto-backed political groups seeking to expand their influence in Washington.
Crypto super PAC Fairshake and its affiliates spent more than $12 million supporting Moore’s campaign—more than they have invested in any other congressional candidate this year. The Alabama congressman defeated former Navy SEAL Jared Hudson in the runoff after failing to secure an outright majority in the state’s initial primary election in May.
Moore’s victory is expected to position him as the favorite in November’s general election given Alabama’s strong Republican leanings. A close ally of President Donald Trump, Moore has consistently supported crypto legislation in Congress, voting in favor of every major digital asset bill considered during his tenure in the House.
The result represents a significant success for Fairshake, the crypto industry’s largest political spending organization. The group and its affiliated PACs have emerged as a powerful force in federal elections, backing candidates viewed as supportive of digital asset innovation and regulation.
“Our biggest spend of the cycle yielded yet another pro-innovation champion in the Senate,” Fairshake spokesperson Geoff Vetter said, adding that the organization still has nearly $150 million available for future races.
The Alabama victory helps balance a rare setback for the crypto PAC network in Illinois, where Fairshake spent more than $10 million opposing Democratic Senate candidate Juliana Stratton. Despite the spending, Stratton won her primary race and is now likely headed to the Senate.
Moore also received support from Fellowship PAC, another crypto-aligned political group. He is seeking to replace outgoing Republican Senator Tommy Tuberville, who is pursuing Alabama’s governorship.
Elsewhere, Fairshake spent roughly $735,000 backing Representative Kevin Hern in Oklahoma’s Republican Senate primary, where he also emerged victorious. Like Moore, Hern had received Trump’s endorsement.
Backed largely by contributions from major crypto firms including Coinbase, Andreessen Horowitz’s crypto arm and Ripple, Fairshake entered the 2026 election cycle with nearly $193 million in available funds. The organization typically spends its money on independent advertising campaigns that emphasize candidates’ broader political credentials rather than directly promoting their views on cryptocurrency.
The strategy has proven effective so far, helping the industry build what could become one of the largest pro-crypto blocs ever elected to Congress.
