Crypto PAC Fairshake Raises $141M War Chest for Congressional Elections
Fairshake, a crypto-backed political action committee, holds $141 million as of mid-July 2025, one of the largest fundraising hauls by any sector-specific PAC.
Fairshake, funded by major digital asset firms including Coinbase and Ripple Labs, secured a massive reserve to support pro-crypto candidates and oppose anti-crypto measures in key 2025 and 2026 elections.
The bipartisan political action committee (PAC) was formed in 2023 to advance cryptocurrency-friendly policies and candidates. Its backers include prominent crypto exchanges and blockchain companies such as Coinbase, Ripple Labs, and Andreessen Horowitz-backed firms.
As of July 15, 2025, the PAC’s filings show $141 million in cash on hand, with $52 million raised in the first half of 2025 alone and $109 million secured since the 2024 general election.
The funds are earmarked to influence special congressional elections in 2025 and the 2026 midterms by supporting candidates who back clear, innovation-friendly crypto regulations and opposing those calling for stricter bans or heavy-handed oversight.
Fairshake has already spent over $2 million supporting candidates in special elections in Virginia and Florida earlier in 2025. The PAC’s strategy includes targeted media campaigns and grassroots outreach to tilt competitive districts toward pro-crypto candidates.
“The voters last year were clear – Congress needs to stop playing politics with crypto and finally pass responsible regulation,” said Fairshake spokesperson Josh Vlasto, highlighting the PAC’s intent to build “an aggressive, targeted strategy” for upcoming races.
Crypto critics have noted the timing of Fairshake’s latest funding disclosure coincides with critical House committee votes on digital-asset bills during so-called “Crypto Week.” Critic Molly White argued the timing sends a message: “Pass our bills, or we will spend millions against you in the midterms.”
The 2024 U.S. elections saw over $130 million in crypto-industry-related spending, largely orchestrated by PACs and high-net-worth backers. Fairshake’s rise follows the downfall of the former FTX-led donation model and reflects broader efforts by established firms to shape regulatory frameworks in Washington.
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