Fairshake, a bipartisan super Political Action Committee (PAC) focused on funding crypto-friendly policies, has raised $116 million in funding for the 2026 US midterm elections.
In a statement shared with CryptoSlate, Fairshake said its war chest includes over $11 million in fresh contributions received from major players in the crypto industry, including a16z, Coinbase, Jump Crypto, Uniswap Labs, Robert Leshner of Superstate, and Ripple Labs.
According to the Committee, these renewed financial commitments show the crypto industry’s increasing influence on US politics and its push for a regulatory framework that supports innovation.
Robert Leshner, the CEO of Superstate, praised the initiative while emphasizing its role in supporting candidates who prioritize clear regulations that position the US as a leader in crypto and technology.
He said:
“As a builder, I’m proud to support Fairshake; They have an incredible track record of electing candidates that want to write rules to make the US a hub of crypto and tech innovation…and ending the careers of candidates that don’t.”
Fairshake’s push to elect pro-crypto candidates
The organization remains focused on electing candidates who support blockchain innovation and oppose restrictive policies that could stifle the industry’s growth.
A spokesperson for the committee said that the crypto sector is in its strongest political position yet.
With the midterms approaching, Fairshake plans to continue backing candidates who advocate for responsible regulation and economic growth while opposing those who seek to undermine industry progress.
The spokesperson added:
“We are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation and opposing those who play politics and stand in the way with the voters’ support for crypto.”
Founded by a coalition of crypto firms, Fairshake was among the largest-spending PACs in the 2024 elections, competing with established powerhouses in the banking and energy sectors. Reports indicate that nearly half of all corporate funding in that election cycle came from the crypto industry.
Notably, the PAC’s targeted spending helped shape what many analysts consider the most pro-crypto Congress in US history. These lawmakers are expected to initiate policies allowing the sector to thrive while positioning America as a global crypto leader.
Read the full article here
