Fairshake, a pro-crypto Super PAC, has raised $116 million for the 2026 midterm elections. Major donors like a16z, Coinbase, and Ripple have significantly increased their contributions. This funding aims to influence the political landscape in favor of cryptocurrency.
The specific Senate races Fairshake will target remain uncertain. However, the political climate has changed. After Kamala Harris lost despite supporting crypto, anti-crypto sentiment in Congress has decreased, although some opponents still exist.
Fairshake is known for its substantial spending in elections. The PAC began raising funds after Donald Trump won the presidency in November. A16z contributed $25 million, bringing the total to $103 million, with more donations coming in. The PAC spent around $180 million during the 2024 election cycle and plans to invest heavily again for the midterms.
In addition to supporting Trump, Fairshake has backed candidates like Bernie Moreno. The PAC is committed to promoting candidates who support innovation and balanced regulations. Coinbase and other previous donors have doubled their support, while Ripple and Uniswap have also contributed.
The crypto industry is becoming influential in U.S. elections. Kamala Harris initially hesitated to embrace digital assets but later positioned herself as a pro-crypto candidate. However, her fundraising efforts fell short compared to Trump’s.
As Democrats shift toward crypto-friendly policies, Fairshake’s strategy is still unclear. Potential targets include critics like Senator Elizabeth Warren, who opposes Trump’s crypto policies. Following the launch of the TRUMP meme coin, some lawmakers have called for investigations, which could lead Fairshake to fund candidates against them.
Fairshake may also focus on keeping Republican lawmakers aligned with the crypto agenda. While many GOP members support Trump’s pro-crypto stance, some have changed their views. The threat of Fairshake’s funding could help maintain their loyalty.
With nearly two years until the midterms, Fairshake has time to strategize. Whether it aims to defeat crypto opponents or strengthen its influence within the GOP, the PAC is set to play a significant role in the upcoming elections.
