Share:Procryptocurrency super fund Fairshake has raised $116 million to influence the 2026 U.S. midterm elections; several major backers including a16z, Coinbase and Ripple have increased their support.
pro-cryptocurrency super fund Fairshake, has raised $116 million to influence the 2026 U. S. midterm elections in the U. S. ; several major backers including a16z, #Coinbase and #Ripple have increased their contributions, strengthening Fairshake's financial strength.
Which Senate race will be the group's most important target? It's still unclear, but the political landscape is changing. After the defeat of Kamala Harris in favor of cryptocurrencies, anti-industry sentiment in Congress has greatly diminished, but opposition still remains.
Fairshake, known for its massive campaign spending, is preparing for the upcoming midterm elections. According to CNBC, the PAC is gearing up for the November presidential election. It began accumulating funds shortly after Donald Trump's victory; A16z immediately donated $25 million, bringing the total to $103 million.
Fairshake is expected to invest heavily because election campaigns can cost a lot of money. During the 2024 election cycle, the PAC spent about $180 million to influence the election. The midterm elections are expected to be just as competitive, so the military buildup is crucial.
In addition to supporting Trump, FairShake also plays a role in supporting candidates not on the ballot, such as Bernie Moreno. In a statement, the organization reiterated that it supports candidates who promote innovation, economic growth and balanced regulation.
Previous donors, including Coinbase, have doubled their funding, and companies like Ripple and Uniswap have provided new funds. But which of the candidates will Fairshake compete with?
The crypto industry is currently in a strong position in US elections. In the last election, Kamala Harris was hesitant to accept #digital assets, but ended up positioning herself as a pro-cryptocurrency candidate.
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