Fairshake, a crypto-backed political action committee (PAC), now holds $141 million as it ramps up influence efforts ahead of upcoming US elections. With $52 million raised in the first half of 2025, PAC has surpassed its spending from the last election cycle.
Formed in 2023, Fairshake has already spent over $2 million in special elections this year through its affiliates. It previously funded pro-crypto candidates during the 2024 US elections and is now targeting congressional races through 2026.
Industry giants such as Ripple, Kraken, and Gemini founders have also contributed to aligned candidates, though Fairshake itself hasn't directly supported Trump's campaign.
The group's rising influence coincides with growing Republican support for crypto legislation. The current GOP majority in both chambers includes over 270 lawmakers viewed as crypto-friendly.
Fairshake-backed candidates recently secured key House seats in Florida, aiding the party's push for new laws on stablecoins and market structure.
Looking ahead, Fairshake plans to use its record-breaking war chest to shape the legislative landscape on digital assets. With the 2026 midterms on the horizon, crypto lobbying may play a critical role in how the US regulates digital currencies.
