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The cryptocurrency industry is at a political crossroads.
Reeling from the demise of its longtime top legislative priority, crypto companies must now decide how scorched-earth to go against Senate Democrats, who last week voted unanimously against the so-called Clarity Act, a sweeping bill that would create a bespoke new regulatory framework for digital assets.
A crypto-backed PAC network’s move this week provides a hint of what may be to come. The group, known as Fairshake, announced it would spend at least $30 million to help block Democrat Sherrod Brown from recapturing a pivotal Ohio Senate seat, representing the first major signal of how the industry plans to deploy its massive campaign war chest in the final weeks before the 2026 midterms.
Some crypto executives have publicly signaled an appetite in recent days for punishing Democrats. But a partisan strategy carries major political risk for the industry: A broad offensive against Democrats ahead of an election where they have a chance to reclaim power on Capitol Hill could further alienate lawmakers the industry may soon need to revive its agenda.
“As much as some people may want to, they can’t wave a wand and make Democrats go away,” said Sheila Warren, the former CEO of the Crypto Council for Innovation, an industry trade group. “Every industry — not just crypto — has to figure out what to do with that reality.”
The crypto industry’s spending could have immediate consequences after the election. Democrats are signaling that a Senate GOP-aligned spending spree would suppress any appetite for lame duck dealmaking involving the Clarity bill — although it remains a long shot that it would come back to life regardless. A Senate Democratic aide involved in the crypto effort said a full-scale assault on the party’s Senate candidates “would absolutely eviscerate any hope” of a post-election deal.
The Fairshake PAC group, funded primarily by crypto firms Coinbase and Ripple and venture capital giant Andreessen Horowitz, had more than $120 million at its disposal as of the end of August. It has previously deployed its war chest to help members of both parties who support industry-friendly policies.
Fairshake is preparing to announce additional spending decisions supporting both Democrats and Republicans in the coming days, according to a spokesperson for the group, Geoff Vetter. But it’s unclear what races — or which chamber — it will target next.
Kara Calvert, Coinbase’s vice president of U.S. policy, said in an interview that bipartisanship has been crypto’s “superpower.”
“Nobody is eager to erode that,” she said.
Though Fairshake says it will maintain a bipartisan approach, it hasn’t specified what shape that will take. One potential avenue for the PAC is to continue to back crypto-friendly Democrats running for the House — where the Clarity bill advanced with 78 Democratic votes last year — but primarily help Republicans in the Senate.
Fairshake spent in favor of several Senate Democrats in the 2024 elections, including in battleground general election races in Michigan and Arizona, where it backed Democratic Sens. Elissa Slotkin and Ruben Gallego, respectively. It also plowed more than $40 million into the effort to help defeat Brown in his 2024 reelection campaign — by far its biggest spend of the cycle.
This time, Republicans are pressing the industry to recalibrate its approach and ditch the Democrats.
“To reward people who voted against the motion to proceed on Clarity after the Democrats got 126 amendments in the bill would be a huge mistake,” said Sen. Cynthia Lummis, the crypto bill’s leading champion in the Senate. The Wyoming Republican is retiring when her term ends in January.
Democrats, who feel increasingly confident about their chances in November despite the GOP’s spending advantages, say Republicans are trying to play the crypto industry.
It’s “been the goal of Republican colleagues all along to try to get folks to invest in races, versus them trying to get a piece of legislation done, and someone needs to call the Republicans out on their bullshit,” said Sen. Ben Ray Luján (D-N.M.), who added: “Sherrod’s gonna win.”
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Why does Jacob Roloff have to leave Roloff Farms?
Matt has been playing hot-and-cold with the family farm for years, igniting multiple family feuds and ultimately heralding the end of Little People, Big World.
Now, it seems that he is driving off yet another son and once again putting part of the sprawling property on the market.
Jacob’s giving an inside look at the farm’s troubles, his desire to change that, and how reality TV may have skewed his father’s ideas about how to make decisions.
After years working for his dad, Jacob Roloff is looking for a new job
Earlier this month, Jacob Roloff took to his Instagram Story to ask for help — or, at least, a helpful recommendation.
“Need a lead on jobs in Hillsboro,” he wrote.
Jacob and his wife, Isobel, have been primarily using their social media presence to advocate for positive causes — such as opposition to AI datacenters.
This — a request for work references in the general area of his family’s farm — came as a surprise.
What’s going on?
Wonder what’s going on with the farm 😦
by
u/BackgroundTea7014 in
LittlePeopleBigWorld
As denizens of Reddit began to discuss the post, Jacob himself chimed in to offer a fairly detailed answer.
“Can’t get a look at the books, can’t get any latitude for further events or development,” Jacob wrote.
“Toxicity is finally getting to me,” he admitted. “But it didn’t have to be this way.”
Jacob praised: “It’s a beautiful property and a lot of the sacrifice in wages and time was worth it if we could keep it.”
With an air of regret, he added: “I would happily work it for the rest of my life, and yet … being asked to leave!.”
It sounds like the farm is (allegedly) being mismanaged
Elsewhere on Reddit, Jacob Roloff commented that Matt’s plan for the farm “just doesn’t make sense when neighbors are doing fine and we refuse to open more than 12 days a year.”
He added: “One wonders what 20 years of tv actually got us.”
In a follow-up comment, Jacob wrote: “I’ve been trying to explain how untenable this model is for years. Self-importance is a helluva drug that reality tv hands out freely.”
It sounds like he made numerous sacrifices, accepting a low wage for a tremendous amount of work, even paying out a third of what he was paid right back to his dad for rent on the double-wide where his family lives.
“My cousin and I took a deal to not get paid for pumpkin growing this year,” Jacob shared, “but we will get 50% of the sales.” With that note, he is encouraging people to stop by if they can.
Historically, Matt Roloff has been reluctant to accept other people’s ideas. In addition to his alleged adultery, it was part of the downfall of his marriage.
Remember the family’s pumpkin salsa? That was Amy’s idea. Matt dismissed it — but then praised it as a family success after it sold well.
With that in mind, it doesn’t sound personal that Matt has apparently ignored Jacob’s input. Some folks would rather retain control than see continued success.
Jacob has a lot of good ideas in the realm of politics, human rights, environmental justice, and beyond. Without being farmers ourselves, we’re inclined to believe that he has good ideas for Roloff Farms, too.
Matt could have sold the farm to any of his children. Instead, he is once again putting over 16 acres for sale and apparently trying to drive away yet another son. That’s his choice to make, one supposes.
Jacob Roloff ‘Asked to Leave’ Roloff Farms as Matt Puts Property Up for Sale … was originally published on The Hollywood Gossip.
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