Crypto Super PAC Fairshake: $116 Million War Chest for 2026 Election
Thursday, Jan 30, 2025 11:31 am ET
Fairshake, a bipartisan super Political Action Committee (PAC) focused on funding crypto-friendly policies, has amassed a staggering $116 million war chest for the 2026 US midterm elections. This substantial fundraising effort underscores the crypto industry's increasing leverage in shaping congressional agendas and its commitment to maintaining long-term political influence.

The PAC's impressive fundraising total includes over $11 million in fresh contributions from major players in the crypto industry, such as a16z, Coinbase, Jump Crypto, Uniswap Labs, Robert Leshner of Superstate, and Ripple Labs. These renewed financial commitments reflect the crypto industry's growing influence on US politics and its push for a regulatory framework that supports innovation.
Robert Leshner, the CEO of Superstate, praised Fairshake's initiative while emphasizing its role in supporting candidates who prioritize clear regulations that position the US as a leader in crypto and technology. He stated, "As a builder, I’m proud to support Fairshake; They have an incredible track record of electing candidates that want to write rules to make the US a hub of crypto and tech innovation...and ending the careers of candidates that don’t."
Fairshake's push to elect pro-crypto candidates has been successful in the past. In the 2024 elections, the PAC spent nearly $200 million backing pro-crypto candidates and defeating notable opponents, such as Sherrod Brown. This bipartisan strategy has led to a significant increase in pro-crypto lawmakers in the House and Senate, giving the industry unprecedented sway over the legislative agenda.
Fairshake's commitment to the 2026 midterm elections demonstrates the crypto industry's long-term vision for maintaining political influence and shaping the regulatory environment. By backing candidates from both political parties, Fairshake aims to create a broad, bipartisan consensus on crypto-friendly policies, ensuring that the industry has allies in both the Democratic and Republican parties.
This strategic approach can help stabilize the regulatory environment for the crypto industry, making it less susceptible to sudden shifts in policy based on election outcomes. By fostering a more collaborative and inclusive political environment, Fairshake can help shape policies that address the concerns and priorities of a broader range of stakeholders, leading to more balanced and effective regulations that promote innovation while also protecting consumers and investors.
In conclusion, Fairshake's $116 million war chest for the 2026 election is a testament to the crypto industry's growing influence in US politics. With its substantial fundraising efforts and bipartisan approach, Fairshake has the potential to significantly impact the 2026 election and shape the regulatory environment for the crypto industry in the long term.
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