Crypto Super PAC Fairshake Builds $193M Fund for 2026

• Fairshake holds over $193M in cash, fueled by large 2025 donations from Coinbase, Ripple and a16z ahead of the 2026 midterms.

• The bipartisan super PAC plans to back pro-crypto candidates and oppose lawmakers seen as hostile to digital asset policy.

• After heavy 2024 spending, Fairshake is expected to target tight Senate races as crypto legislation remains stalled.

A pro-crypto super PAC is entering the 2026 midterms with big financial firepower. Fairshake said it now holds more than $193 million in cash. The funds, disclosed in the United States, come mainly from large 2025 contributions and will support candidates based on their positions on digital asset policy.

Major Contributions From Crypto Industry Leaders

Fairshake said most of its cash on hand comes from three major donors. Coinbase contributed $25 million during 2025. Ripple also donated $25 million, while Andreessen Horowitz, known as a16z, added $24 million.

According to Fairshake, these contributions were disclosed ahead of the 2026 election cycle. The organization said the funds position it for extensive political activity. Josh Vlasto, a Fairshake spokesman, said the group plans to oppose politicians viewed as hostile to crypto. He also said it will support candidates favorable to digital asset policies.

Notably, Fairshake described itself as bipartisan. The group operates alongside two affiliated super PACs. Protect Progress supports Democratic candidates, while Defend American Jobs backs Republicans. Together, they aim to influence races across both parties.

Past Election Spending and Targeted Races

During the 2024 election cycle, Fairshake and its affiliates spent heavily. According to public disclosures, the group poured more than $40 million into Ohio’s Senate race. That effort supported Republican Bernie Moreno against Democratic Senator Sherrod Brown.

Brown, then chair of the Senate Banking Committee, was known for skepticism toward cryptocurrency. Moreno later won the race in November. Fairshake-backed advertising also targeted other lawmakers viewed as critics of the crypto industry, including Jamaal Bowman and Cori Bush.

With the 2026 midterms approaching, Fairshake is expected to focus on closely contested Senate races. The group has not released a list of targeted candidates. However, it has confirmed plans for television and digital advertising campaigns.

Legislative Outlook and Policy Focus

The growing war chest comes amid stalled crypto legislation in Congress. Senate hearings on broad crypto regulation were delayed after Coinbase withdrew support over policy disagreements. These included concerns around tokenized equities and stablecoin rewards.

Meanwhile, the Senate Agriculture Committee is scheduled to hold a crypto-related hearing Thursday. Separately, the White House plans to meet with banking and crypto executives. Discussions are expected to include stablecoin yield issues, which remain unresolved between lawmakers and regulators.