The political action committee Fairshake has announced its financial achievements and intentions regarding upcoming elections in the US, supported by the cryptocurrency industry.
Fairshake Fundraising
Fairshake, a political committee supported by crypto companies like Coinbase and Ripple Labs, reported holding $141 million in assets. In a statement released on Tuesday, it was noted that the committee raised approximately $52 million in the first half of 2025, with $25 million coming from Coinbase. Including prior fundraising efforts totaling $109 million, Fairshake has more resources than it spent on congressional races in previous election cycles.
Impact on Elections and Candidates
The PAC has already spent over $2 million to support candidates in special elections in 2025 for three House seats in Virginia and Florida. According to Fairshake spokesperson Josh Vlasto, the PAC is constantly evaluating races for investment opportunities. Importantly, Fairshake is believed to have played a role in influencing the outcomes of the 2024 elections after spending over $130 million supporting 'pro-crypto' candidates.
Fairshake's Plans for 2026
Fairshake plans to continue its efforts in 2026, given its successful financial results from the previous elections. With Republicans gaining a slim majority in the House and Senate, Fairshake aims to lend its support to facilitate the passage of new legislation regulating digital assets. One of the primary targets is to promote a stablecoin bill, which has backing from Donald Trump's team.
Thus, Fairshake continues to exert an active influence on the political arena in the US, advancing the interests of the cryptocurrency industry and planning further actions ahead of the 2026 elections.
