Fairshake-supported Democratic Congressman Caraveo lost in the House election

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, Democratic incumbent Yadira Caraveo from Colorado is one of the few losers in this election backed by Fairshake PAC (a super PAC supporting cryptocurrency and bipartisan efforts).

Fairshake invested over $2 million in advertising to support Caraveo, but Caraveo conceded to Republican opponent Gabe Evans this afternoon. Now, Republicans are closing in on a majority in the House of Representatives.