Fairshake, a political action committee (PAC) in the US, has amassed $141 million in assets to impact upcoming elections, with significant backing from cryptocurrency firms like Coinbase and Ripple Labs. In a recent announcement, Fairshake revealed it raised approximately $52 million in the first half of 2025, including $25 million from Coinbase. This brings its total to $109 million since November 2024, surpassing its expenditures in the last election cycle. The PAC has already invested over $2 million to support candidates in special congressional elections in Virginia and Florida. Fairshake spokesperson Josh Vlasto indicated that the PAC is actively assessing races for 2026. Having spent over $130 million to influence the 2024 elections, Fairshake aims to replicate this strategy in the upcoming midterms. With Republicans holding a slim majority in Congress, Fairshake's efforts could significantly impact crypto legislation, including the GENIUS Act for stablecoins, which has received backing from key Republican leaders. Read more AI-generated news on: https://app.chaingpt.org/news

#XRP