Crypto Super PAC Fairshake Secures $116M for 2026 Elections

Fairshake, a crypto-focused political action committee (PAC), is preparing for the 2026 U.S. midterm elections with a substantial $116 million in funding, according to The Block. The PAC, known for backing pro-crypto candidates, has already secured over $30 million from major industry players.

Coinbase (NASDAQ:COIN), Ripple, and venture capital firm Andreessen Horowitz have collectively pledged more than $20 million, while Jump Crypto recently contributed $10 million, Politico reported. Additional support has come from Uniswap Labs and Superstate founder Robert Leshner, per Axios.

During the previous election cycle, Fairshake raised over $200 million, with backing from prominent crypto firms, including Coinbase and Andreessen Horowitz. The PAC continues its mission of supporting candidates committed to making the U.S. a global leader in blockchain and digital asset innovation.

In a pivotal 2024 Ohio Senate race, Fairshake played a key role by donating $12 million to Republican candidate Bernie Moreno, who defeated Democrat Sen. Sherrod Brown, a known crypto critic. Following his victory, Moreno joined the Senate Banking Committee, chaired by Sen. Tim Scott (R-S.C.), a lawmaker with a growing interest in digital assets.

In April, Scott established a cryptocurrency-focused panel led by Sen. Cynthia Lummis (R-Wyo.), with Moreno as a member. This move signals increasing legislative attention on digital assets, as the committee holds significant influence over crypto-related policy decisions.

With its strong financial backing and strategic candidate support, Fairshake aims to shape pro-crypto legislation in the upcoming elections, reinforcing the industry's growing political influence in the U.S.