TLDR
- Fairshake Super PAC announced it has $140 million in crypto donations for the 2026 US midterm elections.
- The announcement coincides with Congress’ Crypto Week, where pro-crypto bills are under review.
- The PAC’s recent fundraising received support from major firms like Coinbase, Ripple, and a16z.
- Fundraising has slowed in recent months, with $13 million added between November and January.
- Fairshake aims to support candidates who back blockchain innovation and crypto-friendly regulation.
Fairshake, a major pro-crypto Super PAC, announced it now holds $140 million in crypto donations for the US midterm elections. The announcement aligns with congressional activity during Crypto Week, where lawmakers are reviewing several key pro-industry bills. This development signals that the PAC is actively positioning itself to influence future legislative outcomes.
Crypto Donations Positioned for Political Impact
Fairshake’s announcement comes at a time of increased political focus on the cryptocurrency industry. The group has consistently gathered crypto donations since last year, although its fundraising pace appears to have slowed. Between November and January, it raised just $13 million, a smaller gain compared to earlier activity.
Despite this, Fairshake has secured backing from top industry players, including Coinbase, Ripple, and a16z. These firms contributed to the PAC’s recent funding boost, helping it reach the $140 million mark. The timing coincides with the start of congressional voting on crypto-related bills.
Lawmakers are currently reviewing multiple proposals, including a new regulatory framework for stablecoins. Fairshake’s large fund may influence lawmakers who are undecided or facing tight reelection battles. The group is expected to back candidates supporting blockchain innovation and crypto expansion.
Congressional Bills and Crypto Week Drive Strategy
Three major crypto-related bills, including the CLARITY Act, are under review during this week’s congressional sessions. Procedural voting has already begun, creating a critical period for advocacy groups like Fairshake. Its announcement may be designed to strengthen its position during these discussions.
The PAC’s $140 million war chest may support candidates in both chambers of Congress who favor crypto-friendly regulation. Industry supporters view this as a pivotal opportunity to advance favorable legislation. Fairshake is likely to increase its political activity as votes approach.
Although the midterms are over a year away, Fairshake is using current momentum to gain early influence. The group may deploy funds strategically based on outcomes during Crypto Week. Such efforts aim to ensure that pro-crypto voices remain prominent in upcoming races.
Crypto Donations and Early Campaign Movements
New York City’s upcoming mayoral race is already drawing attention from Fairshake supporters. Candidate Eric Adams has aligned himself with the industry and is seeking support tied to crypto donations. His rivals have not prioritized the issue, giving him a unique position in the race.
Current polling shows that Adams is behind Zohran Mamdani, though the race remains fluid. Crypto donations could shift campaign dynamics if Fairshake becomes involved in early city elections. This contest might serve as a test for broader strategies in 2026.
Fairshake plans to continue expanding its reach and targeting races aligned with crypto policy. The PAC aims to ensure that its crypto donations make a measurable impact. The next year may shape the political landscape for crypto regulation in the United States.
