Fairshake PAC Invests $1 Million in Virginia Special Election Candidate
Fairshake, the political-finance entity for the crypto industry, contributed $1 million to James Walkinshaw's campaign in a special election to replace deceased Virginia Congressman Gerald Connolly. Walkinshaw won the Democrats' primary and is favored to win the general election on September 9.
Key points:
- Fairshake aims to build a bipartisan coalition in Congress that supports technology advancements.
- It has significant funding from major digital asset companies, including Coinbase and Ripple.
- In previous elections, Fairshake's spending significantly outpaced opponents, aiding candidates supportive of crypto.
- Walkinshaw, who previously served as Connolly's chief of staff, advocates for embracing blockchain technology and modern regulatory frameworks.
- Fairshake still holds approximately $116 million ahead of the 2026 congressional election cycle.
- The PAC focuses on broad political issues rather than directly mentioning digital assets in its advertising.