Protect Progress PAC, an affiliate of Fairshake, spent exactly $189,000 to support Representative Jake Auchincloss in the Massachusetts 4th Congressional District primary.
Since 2020, Auchincloss himself has received $77,500 directly from crypto industry sources.
This financial backing aligns with Auchincloss’ political stance on digital asset regulation. In July 2025, he voted in favor of the Digital Asset Market Clarity Act (DAMCA) - a crypto market structure bill that remains unsigned and is currently pending Senate consideration.
Opponent’s Protest Letter and AI Mailers
Jason Poulos, the Democratic candidate challenging Auchincloss, responded to the influx of funds with sharp accusations. He claimed that campaign mailers produced by Protect Progress used AI-generated artwork.
Poulos subsequently sent an official letter on August 16, urging Auchincloss to publicly reject campaign intervention from Protect Progress.
Fairshake’s Hundred-Million-Dollar War Chest
The hundreds of thousands of dollars in Massachusetts represent only a small fraction of Fairshake’s total strength. In the 2024 election cycle, the crypto PAC spent more than $130 million specifically on political advertising across various regions.
Heading into the November 2026 general election, the group still holds a $122 million war chest. Their focus is now shifting to states holding primaries in September - including New Hampshire, Rhode Island, Delaware, and Massachusetts - with two months remaining before general election day.
Fairshake spokesperson Geoff Vetter reiterated the group’s stance. “With dozens of victories in House and Senate races across the country… we are not slowing down heading into November,” he said.
The legislative battle proves that the crypto lobby is ready to deploy real capital to ensure seats go to those aligned with their policies. Reported by Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
