After dominating the 2024 elections, #fairshake – a super PAC supporting crypto – has raised an additional $116 million to continue the game in the 2026 midterm elections.
Crypto is in its Strongest Position Ever
Fairshake claims that the crypto industry is in the best political position in history and they will not stop. In just one year, this super PAC has completely changed the U.S. government's perspective on cryptocurrency, from being heavily regulated to now being able to directly influence Congress and the White House.
Major companies like Andreessen Horowitz, Coinbase, #Ripple – which invested $300 million in Fairshake in 2024 – continue to be major sponsors. Additionally, many other giants in the industry are also involved, including Jump Crypto, #UniswapLabs and Robert Leshner (the founder of Compound Finance).
Campaign to Raise Funds for 'Unprecedented Wealth'
Fairshake is preparing an unprecedented huge budget for the 2026 midterm elections. Previously, the record spending by a corporate group in a midterm election was only $18 million, spent by the National Association of Realtors in 2022. Meanwhile, Fairshake has raised more than 6 times this amount, demonstrating the incredible financial strength of the crypto industry.
Despite spending huge sums of money, crypto companies are reaping the rewards. For example, Ripple – one of Fairshake's main sponsors – has seen its asset value increase by over $125 billion since November 2024 due to political influence.
Crypto is Increasingly Penetrating the U.S. Government
Fairshake's dominance is also evident in U.S. politics. Recently, Howard Lutnick – nominated by President Trump as Secretary of Commerce – went through a hearing where he was hardly questioned about his relationship with Tether, the world's largest stablecoin. Even Senator Maria Cantwell (D-WA) affirmed: 'I am a supporter of crypto.'
With strong financial resources and increasing influence, Fairshake can continue to shape U.S. cryptocurrency policy in the coming years, helping the industry secure a solid foothold in politics.