Fairshake's Bold Move: $116 Million Raised for Pro-Crypto Candidates in 2026 Midterms
By: Eva Baxter
In a strategic move to cement the role of cryptocurrency in US politics, Fairshake, a bipartisan super Political Action Committee (PAC), has successfully raised $116 million to fund pro-crypto candidates in the 2026 US midterm elections. This development follows the organization’s substantial influence in the 2024 election cycle, where it emerged as a significant player, rivaling the traditional powerhouses of the banking and energy sectors.
The committee received substantial fresh contributions totaling over $11 million from crypto industry leaders including a16z, Coinbase, Jump Crypto, Uniswap Labs, Robert Leshner of Superstate, and Ripple Labs. These contributions highlight the increasing influence of the crypto sector in shaping the political landscape and advocating for supportive regulations conducive to blockchain innovation.
Robert Leshner, CEO of Superstate, emphasized the importance of Fairshake’s mission, stating, “As a builder, I’m proud to support Fairshake; They have an incredible track record of electing candidates that want the US to be a hub of crypto and tech innovation…and ending the careers of candidates that don’t.” This sentiment resonates deeply within the industry, as the PAC continues to focus on electing candidates who champion clear, practical regulations that facilitate not just economic growth but also technological advancement.
With the 2026 midterms on the horizon, Fairshake remains committed to bolstering candidates who advocate for responsible regulatory environments and oppose policies perceived as stifling to the crypto industry’s growth. A spokesperson for the committee noted the sector’s burgeoning political strength, asserting its readiness to back candidates who support innovation and sustainable economic development in line with the voters' support for this rapidly evolving industry.
The PAC's influence was particularly notable in the previous election cycle, effectively channeling nearly half of all corporate contributions, and has played a pivotal role in assembling what is considered the most pro-crypto Congress in US history. These pro-crypto lawmakers are poised to introduce policies that promise to maintain the momentum of blockchain and cryptocurrency advancements, potentially establishing the US as a global leader in the field.
As Fairshake navigates the evolving political landscape, its financial commitment to the industry underscores the growing power and potential of cryptocurrency in national policy formulation. The upcoming elections could prove to be another critical milestone for the crypto community, further paving the way for innovative and tech-centric legislative frameworks.
