The pro-crypto Super PAC Fairshake has raised $116 million for the 2026 midterm elections, aiming to influence the political landscape in favor of cryptocurrency. Major donors like a16z, Coinbase, and Ripple have made significant contributions.
Fairshake's Financial Power and Major Donors
Fairshake is known for its substantial spending in elections. The PAC began raising funds after Donald Trump won the presidency, accumulating $103 million from contributions such as $25 million from a16z. The PAC spent around $180 million during the 2024 election cycle and plans to invest heavily again for the midterms. Previous donors, including Coinbase, have doubled their support, while Ripple and Uniswap have also contributed.
Shifts in the Political Landscape
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. 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.
Strategic Goals and Future Plans
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. The PAC is also focused on maintaining GOP lawmakers aligned with the crypto agenda, strengthening its influence for the 2026 midterms.
Fairshake is set to play a significant role in upcoming elections, influencing politicians and supporting cryptocurrency initiatives in the US. As the crypto industry's influence grows, the PAC’s efforts will aim to overcome anti-crypto barriers and promote innovation.
