Fairshake Raises $103 Million for Pro-Crypto Political Campaigns in 2026
A pro-crypto Super PAC, Fairshake, has amassed $103 million for the 2026 U.S. midterm elections, following nearly $200 million spent during the 2024 elections. The organization supports candidates advocating for cryptocurrency-friendly regulations and has already achieved significant wins, including Bernie Moreno's defeat of anti-crypto Senator Sherrod Brown.
Ripple CEO Brad Garlinghouse contributed $25 million to Fairshake's recent fundraising, alongside major donors like Coinbase and venture capital firm a16z, which provided $23 million. These contributions reflect increasing bipartisan support for favorable crypto policies. Fairshake has established itself as a crucial entity in shaping U.S. politics regarding cryptocurrency.
In 2024, Fairshake endorsed candidates from both parties based on their positions on crypto regulation, leading to the election of crypto-friendly officials and enhancing its political influence. Ripple and Coinbase have gained greater access to policymakers, with reports of Coinbase’s CEO being consulted by President-elect Donald Trump on regulatory appointments.
The success of Fairshake’s strategy in 2024 has prompted ambitious plans for 2026. With over $100 million raised, the PAC aims to advance a pro-crypto agenda more effectively in future elections. President-elect Trump's commitment to crypto-friendly policies is expected to further bolster these efforts, potentially leading to more stable regulations for cryptocurrencies in the U.S.
Fairshake illustrates how substantial political investments can effect change. By prioritizing crypto issues, the PAC has cultivated a powerful donor coalition and reshaped regulatory discussions. As the 2026 elections approach, Fairshake is positioned to enhance its influence, benefiting both the crypto industry and its advocates in Washington.
In summary, Fairshake's growing influence, bolstered by significant donations from industry leaders and a strategic bipartisan approach, could shape the future of cryptocurrency regulation in the U.S.