Crypto-Backed PAC Raises $141M to Shape US Elections
Fairshake, a political action committee (PAC) supported by cryptocurrency leaders like Coinbase and Ripple Labs, has amassed $141 million to influence upcoming US elections. The group collected $52 million in the first half of 2025, including a $25 million contribution from Coinbase.
Key Funding Details
- Total funds raised: $141 million
- First half 2025 fundraising: $52 million
- Major donors: Coinbase ($25M), Ripple Labs
Targeted Election Spending
Fairshake has already deployed over $2 million supporting candidates in special congressional elections in Virginia and Florida. The PAC focuses on backing candidates favorable to cryptocurrency policies.
Potential Legislative Impact
With Republicans holding narrow majorities, Fairshake’s efforts could influence crypto-related legislation. Current priorities include three key bills, notably the GENIUS Act concerning stablecoins.
