US Republicans are unhappy with Fairshake's support for anti-cryptocurrency Democratic candidates

The Republican Party of the United States has expressed strong dissatisfaction with the support of the pro-cryptocurrency PAC group Fairshake for Democratic candidates who oppose cryptocurrency in key Senate races. The group supports Ruben Gallego and Elissa Slotkin in Arizona and Michigan, and Republican candidates Kari Lake and Mike Rogers have criticized it, saying that this undermines the Republican Party’s partnership with the cryptocurrency industry and questioned Fairshake’s motives. Fairshake spokesman Josh Vlasto defended the PAC’s decision, telling the news outlet: “We support candidates who embrace innovation, protect American jobs, and work with all parties to get the job done.” However, this rationale did not ease the concerns of Republicans who have been building relationships with the cryptocurrency space, especially in a challenging regulatory environment. As the 2024 election cycle heats up, Republican candidates are urging Fairshake and its supporters to reconsider their approach, warning that such tactics could put pressure on the thriving relationship between the Republican Party and the crypto industry. (CryptoSlate)