The Fairshake Political Action Committee (PAC), which helped many pro-crypto candidates secure victories in the 2024 US elections, is now setting its sights on the 2026 midterm elections. With about $116 million on hand right now, the PAC will be able to influence important races and forward crypto-friendly laws.
Fairshake recently said it has added $11 million to its coffers from unidentified donors. Notable funders of the PAC include big cryptocurrency companies such as Ripple Labs, Coinbase, Andreessen Horowitz, and Jump Crypto. According to Fairshake spokesperson Josh Vlasto, the organization is committed to continuing its efforts, saying, “We are keeping our foot on the gas” to support candidates who champion innovation, job creation, and sensible regulation while opposing those who block progress on crypto issues.
The advocacy group Stand With Crypto calculated in the 2024 election cycle that roughly 270 members of the 119th Congress backed pro-crypto legislation. Republicans running both the House of Representatives and the Senate have made the crypto sector a great friend in Congress. Fairshake’s PAC spent over $131 million on candidates during the 2024 elections, many of whom went on to win their seats.
As the 2026 midterms approach, the influence of crypto-related PACs, like Fairshake, is becoming a topic of discussion. The PAC’s strategy could have a significant impact on the political landscape, as seen in the 2024 elections, where spending by Fairshake’s affiliate, Defend American Jobs, played a role in the outcome of key races, such as the Ohio Senate seat.
With Republicans currently holding a slim majority in the House and Senate, the crypto industry is eager to continue shaping policy in its favor. The influence of PACs like Fairshake could play a crucial role in determining which party sets the legislative agenda for the coming years, especially as crypto policy becomes an increasingly important issue for lawmakers.
