Crypto Super PAC Fairshake Builds $193M War Chest Ahead of US Midterms

The crypto industry is dramatically escalating its political influence ahead of the upcoming US midterm congressional elections, with the Fairshake political action committee emerging as one of the most powerful campaign-finance forces in the country. Bolstered by new contributions of $25 million from Ripple and $24 million from Andreessen Horowitz (a16z), Fairshake is set to report an unprecedented $193 million in cash on hand, according to a recent statement.

If fully deployed during the 2026 midterm cycle, Fairshake’s spending would place it among the top five political action committees nationwide, rivaling the largest fundraising arms of both major political parties. The super PAC was already the sixth-largest money-raiser during the previous election cycle, underscoring the rapid growth of crypto-backed political funding.

Since 2024, Fairshake and its affiliated PACs have played a significant role in supporting pro-crypto candidates across both parties, while opposing lawmakers seen as hostile to digital assets. The fund’s influence has not gone unnoticed in Washington, as lawmakers weighing key crypto legislation are acutely aware of the financial consequences tied to their positions. Supporters of crypto-friendly policies may benefit from substantial campaign support, while opponents could face millions of dollars in negative advertising.

Fairshake spokesman Josh Vlasto emphasized that the organization’s mission remains focused on opposing anti-crypto politics, supporting innovation, and expanding financial access for Americans. This renewed push comes as the Senate Agriculture Committee prepares to debate amendments to a major crypto market structure bill, a legislative effort that has struggled to gain bipartisan support. Key Democratic demands, including restrictions on government officials profiting from crypto and requirements for a fully staffed Commodity Futures Trading Commission, have faced resistance from the White House.

Beyond Fairshake, other crypto-focused political groups are also mobilizing. Coinbase previously contributed $25 million, while new super PACs such as Fellowship PAC and the Digital Freedom Fund have announced significant commitments to pro-crypto candidates, largely aligned with Republican priorities. With prediction markets suggesting a strong chance Democrats could reclaim the House, the stakes for crypto regulation and industry-backed political spending have never been higher.