January 30, 2025
Fairshake, a crypto-focused political action committee (PAC), has secured $116 million as it builds its financial reserves for the 2026 U.S. midterm elections. Contributions have come from leading industry firms, including Coinbase, Ripple, and Andreessen Horowitz, which have collectively provided more than $20 million. Jump Crypto recently contributed an additional $10 million, while Uniswap Labs and Robert Leshner, founder of Superstate, have also made donations.
The PAC has been a major player in political races, raising over $200 million in previous election cycles. In 2024, Fairshake, alongside Defend American Jobs, spent $40 million in Ohio’s Senate race in support of Republican candidate Bernie Moreno. Following his victory over incumbent Sen. Sherrod Brown, Moreno joined the Senate Banking Committee, a key body overseeing financial regulation.
As cryptocurrency regulation remains a central issue in Washington, Fairshake continues to direct funds toward candidates advocating for digital asset policies. Sen. Tim Scott (R-S.C.), chair of the Senate Banking Committee, has formed a digital asset-focused panel led by Sen. Cynthia Lummis (R-Wyo.), with Moreno participating as a member. With legislation on crypto expected to be a topic of debate in the coming years, Fairshake’s funding efforts signal ongoing industry engagement in policymaking.
About Fairshake
Fairshake is a political action committee that backs candidates supporting blockchain and cryptocurrency policies. The PAC operates independently, financing election-related activities such as advertising and outreach without making direct campaign contributions.
Website: https://fairshakepac.com/
About Investors
Coinbase
Coinbase is a cryptocurrency exchange that provides trading, custody, and blockchain infrastructure services.
Location: San Francisco, California
Website: https://www.coinbase.com/
Ripple
Ripple develops blockchain-based payment solutions for cross-border transactions, utilizing the XRP Ledger and digital asset XRP.
Location: San Francisco, CA
Website: https://ripple.com/
Andreessen Horowitz (a16z)
Andreessen Horowitz is a venture capital firm investing in early and growth-stage technology companies, with a strong focus on cryptocurrency and Web3 projects.
Location: Menlo Park, CA
Website: https://a16z.com/
Jump Crypto
Jump Crypto is the digital asset division of Jump Trading, specializing in blockchain infrastructure, decentralized finance, and Web3 investments.
Location: Chicago, IL
Website: https://jumpcrypto.com/
Uniswap Labs
Uniswap Labs is the company behind the Uniswap protocol, a decentralized exchange built on Ethereum.
Location: New York, NY
Website: https://app.uniswap.org/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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