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It has been reported that crypto-focused super PAC Fairshake has raised $78M from major industry and Silicon Valley backers ahead of the US elections. With Coinbase and Andreessen Horowitz (a16z) behind the wheel of support, Fairshake has been advocating for crypto-friendly congressional candidates and has its sights set on the 2026 midterm election cycle.
Crypto’s Growing Interest in the Political Fray
US midterms held halfway through the presidential term, bring about big changes in congressional power that could flip the regulatory script. According to news sources, Fairshake has raised this funding to advance crypto-friendly laws and is focused on influencing Congressional decisions on digital assets.
Big names and high profile supporters including Coinbase with $25M and a16z with $23M, are doubling down on their support to build a crypto-friendly regulatory environment.
Powering Fairshake’s Crypto Advocacy
Founded by over a dozen industry participants, Fairshake allegedly raised a total of $170M in the latest rounds from crypto companies and blockchain-friendly companies, as news sources reported. This includes funding from big industry players like Jump Crypto and Ripple.
Having spent $135M on its target legislative campaigns already, Fairshake is one of the most active lobbies pushing lawmakers to create a crypto-friendly environment at the federal and state level.
It’s the biggest donor pool for the upcoming election, making up almost 50% of corporate donations from crypto-focused PACs in the 2024 general election cycle.
Timing with Presidential Race and Prediction Markets
Coincidentally, Fairshake’s lobbying and advocacy efforts surfaced just as Republican candidate Donald Trump and Democratic candidate Kamala Harris were getting into the thick of it. At Polymarket, a popular prediction market, Trump had a 57.9% chance of winning over Harris’s 42.3% in recent days despite national polls showing a much closer race.
This is the political dynamic that will perhaps shape crypto’s biggest impact on the US regulatory environment, and many in the crypto space are hoping for a candidate who can get or is a supporter of digital assets.
What’s Next for Fairshake?
The war chest is a big bet for the crypto industry as U.S. voters wait for final results with the official announcement on November 5. Vote counting delays in key states might impact immediate results. Meanwhile, the Polymarket presidential contract volume is over $3.1B; traders are watching closely.
This is the biggest crypto-specific political effort to date and shows the industry is willing to use politics to shape its future and will be more active in advocacy going forward with potentially big legislative outcomes in the years to come.
Conclusion
With the support from big names in Silicon Valley and crypto, Fairshake’s war chest is the crypto industry’s attempt to shape policy from inside the Beltway. It will be in these contributions into the 2026 US midterms that Fairshake’s political efforts will be focused, so the legislation will be written for the evolving digital asset industry. This is crypto’s moment in the political influence curve!
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