30s Summary

Democrat Ruben Gallego has won the Senate seat in Arizona, a small consolation to the Democrats after a string of losses in the 2024 Senate election. His campaign received significant support from Fairshake, a crypto-focused political action committee that backed 56 candidates for Senate and House races. However, Republicans control 53 seats and are predicted to take over the House, leading to a unified government under recently elected President Trump. Some races are still to be decided, with Fairshake’s supported candidates experiencing mixed results.

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Democrat Ruben Gallego won the Senate seat in Arizona, beating Republican Kari Lake. This victory did a bit to soothe the losses the Democrats suffered in the 2024 Senate election. On the other hand, Republicans, who’ll be in control of 53 seats for at least the next couple of years, managed to win over Pennsylvania, Ohio, Montana, and West Virginia in the previous week. More specifically, Fairshake, a crypto-focused super political action committee, put in a lot of effort, especially in Ohio, throwing a $40 million support behind Republican Bernie Moreno.

Gallego, who’s a congressman from Arizona, voted for the Financial Innovation and Technology for the 21st Century Act and overturning the SEC’s Staff Accounting Bulletin 121. Fairshake showed their support by donating $10 million to his campaign. They also donated to Democrat Elissa Slotkin, who went on to win Michigan’s Senate race. Predictions had all along indicated Gallego was likely to take the race.

In relation to the House of Representatives, 16 races are yet to be determined as of late Monday evening local time. As it stands, the Republicans have clutched 214 wins, just four shy of majority. The Democrats have 205 wins. The Republicans are also expected to take over control of the body. Coupled with Trump’s win in the presidential race and the Senate, the Republicans seem primed to control a unified government.

Fairshake backed 56 candidates in the House and Senate races, most of them in safe districts where whoever won the primary would probably also win the general election race. The PAC had lots of wins, with their preferred candidates winning the first 48 races to be called. But as of press time, this record seemed to be dwindling a bit with Democrat Yadira Caraveo and Republican Mike Garcia both losing their races. Other contestants including Democrat Mary Peltola and Republican Lori Chavez-DeRemer were also trailing, though Republicans Michelle Steel, David Valadao and Juan Ciscomani appeared to be in the lead against their opponents.