Fairshake, a bipartisan crypto-focused political action committee, has announced that it has successfully raised $141 million in funding ahead of the 2026 US midterm elections. This significant backing comes from top digital asset firms and executives, with Coinbase contributing an additional $25 million to the cause.
The PAC revealed that $109 million of the total funding was raised after the 2024 general election, where President Donald Trump won re-election. An additional $52 million was raised in the first half of this year, showcasing the rapid pace at which funds are being accumulated.
The timing of Fairshake’s funding announcement has not gone unnoticed, with critics like Molly White suggesting that it is a strategic move to influence US Congress during “Crypto Week.” This week has seen lawmakers debating three important crypto-related bills, including those aimed at establishing a clear regulatory framework for the industry and prohibiting the creation of a central bank digital currency.
Pro-crypto groups, such as the Cedar Innovation Foundation, have thrown their support behind these bills, calling them “the most crucial votes Congress will cast this session.” They argue that reform in the digital asset market is essential for American innovation, security, and economic opportunities.
Fairshake spokesperson, Josh Vlasto, emphasized the importance of passing responsible crypto regulation, stating, “We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country.”
It is clear that the crypto industry is gaining political momentum, with organizations like Fairshake playing a significant role in shaping the future of regulation in Washington. As the debate around crypto legislation continues, it will be interesting to see how these funds are utilized to influence key races and advocate for pro-crypto policies.