Fairshake Raises $193 Million as Crypto Firms Prepare for 2026 Midterm Elections
- Fairshake has raised $193 million to influence the 2026 U.S. midterm elections and protect crypto-friendly policies.
- Election results may determine whether crypto gets clear rules or continued uncertainty.
Fairshake, the largest political action committee (PAC) backed by the crypto companies, has build $183 million fund ahead of the 2026 U.S. midterm elections. The crypto industries are once again stepping into U.S. politics. This move shows that crypto has become a permanent force in the U.S. election strategy.
Fairshake’s funding comes from the strong, powerful players in the crypto industry, like Ripple with $25 million, Andreessen Horowitz with $24 million, and Coinbase with $25 million. Nearly $200 million already raised, and Fairshake is closely matching what it spent during the last election cycle.
Fairshake’s Political Stand
Fairshakes basically support the political candidate based on their views on crypto. Its goal is to make the lawmakers who support clear crypto rules and those who don’t. It operates through two major affiliated groups, one which supports the Democrats, friendly to crypto, and the other which supports republicans friendly to crypto. Together, they form a permanent political operation to influence future crypto laws in Congress.
The Republicans have passed one major crypto-related law GENIUS Act. This law established the first U.S. federal framework for stablecoins payment in the U.S. and was supported by both parties. However, the progress has largely stalled beyond that.
The most important unresolved issue is the Digital Asset Market Clarity Act. The bill clearly explains which government agencies regulate crypto and how exchanges should be treated. It also explains what rules the crypto companies must follow. The bill has been delayed due to political disagreements and even disagreements within the crypto industry.
Why Fairshake is preparing early
If democrats takes the control of the congress, then there will be more delays in passing major crypto laws. Stricter rules focused on consumer protection and crypto regulation took a back seat to other political issues. This is the reason why Fairshake is preparing early and raising large amounts of money now.
Fairshake’s main goal is not just winning elections; it’s about making sure crypto does not become an easy target during political fights. Without clarity, companies remain vulnerable to sudden enforcement actions and policy changes. So this move from the Firshake shows that the crypto is now deeply embedded in U.S. politics.
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