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The crypto-oriented political action committee Fairshake concluded 2025 with $193 million in fundraising, equipping the organization with a substantial financial reserve as Congress gears up to vote on pivotal cryptocurrency legislation and the 2026 US midterms begin to emerge.
Key Takeaways:
- Fairshake secured $193 million, enhancing its clout ahead of US crypto legislation and the 2026 midterms.
- Contributions from Ripple, a16z, and Coinbase propelled the fundraising boom.
- New crypto-backed PACs are heightening competition in US political expenditures.
This total encompasses funds raised directly by Fairshake and its affiliated committees, including the Democrat-aligned Protect Progress and the Republican-supported Defend American Jobs, as reported by CNBC.
This framework enables the network to endorse candidates from both parties, a tactic it claims is designed to foster widespread backing for digital asset policy in Washington.
Ripple, a16z, and Coinbase Propel Fairshake’s Fundraising Growth
Two significant donations in the latter half of last year significantly elevated the total.
The blockchain company Ripple contributed $25 million, while venture capital giant Andreessen Horowitz injected $24 million through its crypto division, a16z.
Earlier in 2025, Coinbase donated $25 million, just before Fairshake revealed it had already amassed $141 million.
This fundraising amount nearly matches what Fairshake gathered throughout the entire 2024 election cycle.
Data from the Federal Election Commission indicate the PAC spent around $195 million during the last cycle, supporting candidates it deemed favorable to digital assets.
This expenditure coincided with Congress passing initial “rules of the road” legislation for stablecoins, a development the industry has cited as proof of its increasing influence.
Focus has now shifted to a more comprehensive digital asset bill that lawmakers have been negotiating for several months.
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A portion of the proposal is set to receive its first vote this week in the Senate Agriculture Committee, while a parallel segment under the Senate Banking Committee has faced delays due to ongoing disagreements.
The crypto sector is preparing early for 2026.
Fairshake, crypto’s primary PAC, states it now possesses ~$193M for the midterm elections — already surpassing last cycle.
New contributions comprise $25M from Ripple and $24M from a16z, in addition to $25M from Coinbase. pic.twitter.com/Wnwde8EIkf— Unchained (@Unchained_pod) January 28, 2026
Fairshake disclosed spending over $130 million on media purchases during the 2024 federal elections, advocating for candidates it identified as “pro-crypto” and targeting those it viewed as unfriendly to the sector.
While it ranked among the largest crypto-backed spenders in the last cycle, it now confronts a more competitive landscape.
Numerous industry-related PACs emerged in 2025. Organizations linked to exchanges Gemini and Crypto.com revealed a combined $21 million donation to a pro-Trump super PAC, while Gemini co-founders Cameron and Tyler Winklevoss independently contributed $21 million worth of Bitcoin to the Digital Freedom Fund PAC.
The crypto exchange Kraken also pledged $2 million to pro-crypto political initiatives.
Fairshake has already begun to gauge the political landscape in 2025, spending more than $2 million on special House elections in Virginia and Florida.
US Crypto Market Bill Faces Postponement as 2026 Midterms Approach
A significant effort to create a cohesive regulatory framework for digital assets in the United States may be hindered as lawmakers shift their attention to the 2026 midterm elections, according to a warning from TD Cowen.
The financial institution indicated that rising political risks could impede progress on the extensive crypto market structure bill currently advancing through Congress.
TD Cowen’s Washington Research Group stated that the legislation is increasingly likely to be passed in 2027 rather than this year, with full implementation possibly extending to 2029.
Analysts cautioned that Senate Democrats might be reluctant to endorse the bill ahead of elections that could alter the balance of power in Congress, opting instead to postpone crucial decisions until after the vote.
The post Crypto PAC Fairshake Raises $193M Ahead of Key US Crypto Vote appeared first on Cryptonews.
