Crypto-Funded Super PAC Fairshake Raises $140M Ahead of Midterm Elections
2025-07-15 11:14:53
Main Idea
A cryptocurrency-backed super PAC, Fairshake, has raised $140 million to support pro-crypto lawmakers in the midterm elections, with major contributions from companies like Coinbase and Ripple.
Key Points
1. Fairshake, a crypto-backed super PAC, has raised over $140 million for the midterm elections to support pro-crypto candidates.
2. The PAC network, including Fairshake, Protect Progress, and Defend American Jobs, spent $135 million in the 2024 election cycle.
3. Major donors include Coinbase, Ripple, Andreessen Horowitz, and other crypto industry players, with Coinbase contributing $25 million.
4. The CLARITY Act, a crypto market structure bill, is described as 'the most important vote members will take this Congress' by the Cedar Innovation Foundation, affiliated with the PACs.
5. The PACs have supported crypto-friendly candidates in key Senate and House races, such as Bernie Moreno's victory over former Senate Banking Chair Sherrod Brown in Ohio.
Description
A cryptocurrency-backed super PAC, Fairshake, is heading into the upcoming midterm elections with more than $140 million in the bank. Key Takeaways: Fairshake enters the midterms with over $140 million to back pro-crypto lawmakers. The PAC network spent $135 million in 2024 helping crypto-friendly candidates. Major donors include Coinbase, Ripple, and Andreessen Horowitz. The massive war chest is poised to influence the fate of critical industry-friendly legislation scheduled for a House vote th...
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