Fairshake PAC raises $103M for crypto advocacy in 2026 U.S. midterms
The Fairshake PAC has raised over $103 million
The Fairshake Political Action Committee (PAC), dedicated to lobbying for the cryptocurrency industry in the U.S., has raised over $103 million to deploy during the 2026 midterm elections.
The figure, confirmed by Fox Business journalist Eleanor Terrett, includes new contributions from Ripple, Coinbase, and a16z, as well as leftover funds from the previous election cycle.
Ripple CEO Brad Garlinghouse described Fairshake as “the most successful multi-candidate bipartisan Super PAC in American history” and announced an additional $25 million contribution from Ripple to further pro-crypto advocacy.
During the last presidential election, Fairshake managed resources totaling $204 million, allocating tens of millions of dollars to advertising and candidate campaigns aligned with the crypto industry’s goals.
One of Fairshake’s most notable victories was in Ohio, where the PAC spent $40 million supporting Republican Bernie Moreno against crypto critic and Democratic Senator Sherrod Brown. As chair of the Senate Banking Committee, Brown had been a significant obstacle to passing crypto-friendly legislation.
Will Bipartisan Support Persist?
Although most politicians backed by Fairshake were Republicans, the PAC supported Democrats in some key races, such as Ruben Gallego in Arizona and Elissa Slotkin in Michigan, both receiving $3 million each from Fairshake.
This bipartisan approach has led some Republicans to argue that it could alienate party members from supporting Fairshake.
Additionally, even within the crypto community, Fairshake has faced criticism for its cautious tactics, such as not explicitly mentioning cryptocurrencies in its advertising. Critics see this as a missed opportunity to educate voters about the benefits of the crypto industry.
As we wrote, Ripple CEO Brad Garlinghouse has publicly criticized Bob Stebbins, a former SEC General Counsel and a key contender for the role of U.S. SEC Chair.
