Fairshake Prepares for 2026 Elections with $116 Million in Cash Reserves
Fairshake, a cryptocurrency super PAC, is preparing for the 2026 US midterm elections with $116 million in cash reserves. The PAC aims to influence regulations favoring digital assets.
Key funding details include:
- $11 million from Coinbase, Ripple, Andreessen Horowitz (a16z), Uniswap Labs, and Robert Leshner
- Coinbase has contributed $75 million since 2024, pledging an additional $25 million for 2026
- a16z has donated approximately $70 million across election cycles, with $23 million assigned for 2026
- Ripple has contributed $50 million, split evenly between 2024 and 2025
Fairshake's financial backing positions it as a significant political force, aiming to support crypto-friendly candidates in key congressional races.
In the previous election cycle, Fairshake spent over $12 million to aid Bernie Moreno against Senator Sherrod Brown. Overall, crypto PACs invested over $245 million during the 2024 elections, marking their transition to major political players.
Simultaneously, the political landscape is shifting under President Trump’s administration, enhancing access for crypto firms. Former Senator Kyrsten Sinema has joined Coinbase’s Global Advisory Council, signaling support for crypto legislation. Congressional committees are now investigating SEC's regulatory practices, indicating a shift from defensive postures to proactive scrutiny of regulators.