Fairshake, a US (PAC) political action committee supported by contributions from cryptocurrency companies including Coinbase and Ripple Labs, has been reported holding $ 141 million in properties to be used to influence the upcoming election.
In a statement released on Tuesday, Fairshake said it raised nearly $ 52 million in the first half of 2025, with $ 25 million from Coinbase. This whole, along with the $ 109 million raised since November 2024, has had PAC holding more funds than it spent on Congress races in the final U.S. Election cycle.
The PAC, by its affiliates defends American jobs and protects development, has already Spend more than $ 2 million To support the candidates in special elections in Congress in 2025 for three home seats in Virginia and Florida.
Fairshake spokesman Josh Vlato told Cointelegraph that the PAC is “always reviewing races now and in 2026” for opportunities to spend.
Tha Pac is likely to play a role in influencing the outcome of important races during the 2024 US election after spending more than $ 130 million in the media to support “pro-crypto” candidates or oppose “anti-crypto”.
Formed in 2023, Fairshake played no role in the 2022 midterm election, when many crypto industry donations to candidates were led by former FTX CEO Sam Bankman-Fried, who was later accused of fraud.
Although Fairshake does not appear to have supported the presidential campaign directly by President Donald Trump, the then-presidential candidate has received contributions from other industry numbers, including Gemini co-founders Cameron and Tyler Winchevoss, Ripple Labs, and Kraken co-founder Jesse Powell.
Related: Crypto companies doubled in influence on US elections by PACS in 2026
PAC money affects how Congress administers crypto
The 2024 election gave the Republicans a slim that most of the House of Representative and Senate-both rooms had 270 lawmakers who promoted to be considered “pro-crypto.”
Firshake suggested that it intends to adopt the same approach For the 2026 US midterm election, the potential expansion of this partisan when voting in crypto law can continue to be an issue.
Like Tuesday, Republican House leaders are looking to pass three pieces of crypto -related law for payment stablecoins, market structures and digital digital banks.
Trump Directed all members of his party to support the Stablecoin Bill, called the Genius Act, including two House members from Florida that won their special elections Backing from Crypto Pac Money: Randy Fine and Jimmy Patronis.
If Fairshake’s efforts in 2026 are successful, they can give Trump and Republicans a broader margin for mistakes when carrying out their legislative agenda, including bills to repair digital ownership.
Magazine: Crypto voters are already disturbing the election of 2024 – and are set to continue
