Fairshake Raises $140 Million for US Midterm Elections, Aims to Influence Crypto Policy

Fairshake, a cryptocurrency-backed super PAC, has raised an impressive $140 million in funds as it prepares for the upcoming US midterm elections. This substantial financial backing positions Fairshake as a significant player in the political landscape, with the potential to influence key legislative decisions. The funding comes at a critical time when the cryptocurrency industry is facing regulatory scrutiny and legislative debates in the US Congress. Fairshake's bipartisan support further enhances its influence, as it aims to advocate for policies that favor the cryptocurrency sector.

The super PAC has seen a steady influx of contributions, raising $109 million since the US elections in November 2024 and an additional $52 million in the first half of 2025. This financial momentum underscores the growing interest and investment from the cryptocurrency community in shaping political outcomes. The substantial funding allows Fairshake to engage in extensive campaign activities, including advertising, grassroots organizing, and lobbying efforts to promote its agenda.

One of the notable contributors to Fairshake is Coinbase, which has led with a $25 million donation. This significant contribution from a major player in the cryptocurrency industry highlights the sector's commitment to influencing policy decisions. The involvement of prominent companies like Coinbase indicates a broader industry effort to ensure that regulatory frameworks are favorable for cryptocurrency growth and innovation.

Fairshake's fundraising efforts are not just about financial support; they also reflect a strategic approach to political engagement. By building a strong financial base, the super PAC can effectively advocate for policies that support the cryptocurrency industry, such as clear regulatory guidelines, tax incentives, and protection against restrictive legislation. This proactive stance is crucial as the industry navigates the complexities of regulatory environments and public perception.

The midterm elections are a pivotal moment for Fairshake, as they provide an opportunity to influence the composition of Congress and shape the legislative agenda. With its substantial financial resources and bipartisan backing, Fairshake is well-positioned to advocate for policies that align with the interests of the cryptocurrency community. The super PAC's efforts are likely to focus on key issues such as digital asset regulation, blockchain technology, and financial innovation, aiming to create a more favorable environment for the industry's growth.

One key purpose of the funds will be wooing Democrats to support three pivotal pieces of crypto legislation that will be debated in Congress this week. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the Anti-CBDC Surveillance State Act, and the CLARITY Act are all up for debate during what he dubbed “Crypto Week,” which kicked off on Monday. The Genius Act seeks to establish a federal framework for stablecoins. The Anti-CBDC Surveillance State Act will prevent the U.S. Federal Reserve from creating a central bank digital currency (CBDC). The Clarity Act will determine regulatory jurisdiction over specific digital assets. Politico says Fairshake is mostly concerned with the Clarity Act, and politicians, particularly Democrats, who support the bill will be rewarded in the upcoming midterms, while those who oppose it will be targeted.

Fairshake played a critical role in the 2024 elections. According to Opensecrets, a research site that tracks lobbying in U.S. politics, Fairshake spent more than $40 million during the 2024 election cycle. Notably, California Democrat Katie Porter lost in the Senate primary on March 5, 2024, after Fairshake spent over $10 million in targeted ads against her. Porter, a staunch critic of the crypto industry, later accused the election of being “rigged” and described crypto super PACs and companies such as Coinbase as entities that “weaken” American democracy.

Coinbase, Ripple, and venture capital firm Andreessen Horowitz are the largest donors to Fairshake. During the 2024 election cycle, the companies contributed $68.5 million, $67 million, and $45 million, respectively to the PAC, according to Opensecrets.

In summary, Fairshake's $140 million fundraising campaign for the US midterm elections underscores the cryptocurrency industry's growing political influence. With bipartisan support and significant contributions from key players like Coinbase, Fairshake is poised to play a major role in shaping the legislative landscape. The super PAC's efforts will be crucial in advocating for policies that support the industry's growth and innovation, ensuring that the cryptocurrency sector continues to thrive in the face of regulatory challenges.