The crypto world is making waves in politics! Fairshake, a super PAC backed by cryptocurrency giants, has raised over $140 million to influence the 2026 midterm elections. This massive fund is set to shape key legislation that could define the future of digital assets in the U.S.
Fairshake, along with allied PACs Protect Progress and Defend American Jobs, spent $135 million in 2024 to support crypto-friendly candidates and challenge critics. Their efforts paid off, helping candidates like Bernie Moreno defeat Ohio’s Sherrod Brown, a vocal crypto skeptic, with over $40 million in backing. The PACs also boosted pro-crypto lawmakers in tight races across California, Alabama, Arizona, and Virginia. Since November 2024, Fairshake has added $109 million to its war chest, gearing up for a crucial House vote on a landmark crypto market structure bill. This legislation aims to create clear rules for digital assets, splitting oversight between securities and commodities regulators.
Founded in 2023 by crypto heavyweights like Coinbase, Ripple, and Andreessen Horowitz, Fairshake champions candidates who support blockchain innovation and clear regulations. Coinbase recently donated $25 million, with Ripple Labs, Uniswap Labs, and crypto entrepreneur Robert Leshner also chipping in. Fairshake’s spokesperson, Josh Vlasto, emphasized their strategy: “We’re building a bold plan to amplify pro-crypto voices in key 2026 races.” The goal is to ensure the U.S. remains a hub for digital asset innovation while protecting consumers.
👀 Cedar Innovation, which is part of the Fairshake network of crypto super PACs, says in a statement they see CLARITY as “the most important vote members will take this Congress.”
— Eleanor Mueller (@Eleanor_Mueller) July 14, 2025
“Digital asset market structure reform will define the next fifty years of American innovation,…
The upcoming vote on the CLARITY Act, a major crypto regulation bill, is a top priority. The Cedar Innovation Foundation, tied to Fairshake, calls it “the most critical vote” in Congress this session. The bill seeks to establish a formal framework for cryptocurrencies, but it faces hurdles. Republicans are pushing for bipartisan support to secure the 60 Senate votes needed, while some Democrats prefer a narrower stablecoin-focused bill. Fairshake’s focus remains on the broader legislation, which could shape their 2026 spending plans.
Crypto’s political influence is growing fast. Fairshake’s massive funds show the industry’s determination to shape policy and elect allies. By backing candidates who support digital assets, they aim to remove barriers and foster innovation. However, critics worry about the influence of big money in politics, especially as crypto regulations take center stage. The outcome of the CLARITY Act could set the tone for the industry’s future.
Get ready for a high-stakes showdown! Fairshake’s $140 million war chest signals that crypto is all-in for the 2026 elections. With key legislation on the line, the industry is fighting to secure its place in America’s financial future. Stay tuned to see how this political power play unfolds and what it means for the world of cryptocurrency. The battle for clear rules and innovation is just heating up!