Mr. Armstrong said at the time, “If you look at like the oil and gas lobby or the banking lobby — I mean they’re spending, I don’t know, in the order of $100 million a year.” Interestingly, the statement from Fairshake cited some of those same industries as supporting Ms. Porter.
The new crypto mega group and its affiliates have attracted prominent Democratic and Republican consulting firms.
Fairshake has so far paid money to Impact Research, a polling firm that worked for President Biden in 2020, as well as Jamestown Associates, an ad-making firm that produced commercials for former President Donald J. Trump that same year. Records show the group is employing two other prominent polling firms: Schoen Survey Research, which was founded by Doug Schoen, and Global Strategy Group, which works for a wide range of congressional Democrats.
On Capitol Hill, Ms. Porter has been a close ally of Senator Elizabeth Warren, Democrat of Massachusetts, who was once her professor at Harvard Law School. Ms. Warren has been an outspoken critic of the lax regulations around cryptocurrency, and Ms. Porter once signed onto a letter with Ms. Warren to Texas regulators about crypto, according to the crypto news-tracking site Bitcoin.com.
Mr. Schiff, who has been campaigning to elevate Mr. Garvey over Ms. Porter into the general election, has a statement about the crypto industry on his policy page, writing about the need to nurture such innovative industries. “We need to develop comprehensive regulatory frameworks to ensure that these companies and jobs stay here and grow here,” the page reads.