Fairshake’s Plans for the 2026 Midterms

Crypto-focused political action committee (PAC) Fairshake is preparing for the 2026 midterms with a budget of $116 million, according to multiple reports.

Major players in the crypto industry, including Coinbase, Ripple, and Andreessen Horowitz, have pledged over $20 million, with Jump Crypto contributing an additional $10 million for congressional races.

Other contributors include Uniswap Labs and Superstate founder Robert Leshner, as reported by Axios.

Fairshake has raised over $200 million during the election cycle, receiving backing from significant crypto companies and investment firms. The PAC claims it “supports candidates solely through its independent activities” and focuses on those who aim to make the U.S. a hub for innovation.

Fairshake played a crucial role in a Senate race in Ohio, where it and the PAC Defend American Jobs spent $40 million supporting Republican candidate Bernie Moreno, who won against crypto-critic Democrat Sen. Sherrod Brown.

Moreno has since joined the Senate Banking Committee, which is influential in crafting legislation, including crypto-related bills. Recently, committee chair Sen. Tim Scott (R-S.C.) established a digital asset-focused panel led by Sen. Cynthia Lummis (R-Wyo.), with Moreno as a member.

Clarification

As a political action committee, Fairshake paid for advertising supporting Sen. Moreno but did not directly contribute to his campaign. The funding amount from Fairshake and Defend American Jobs was included in this report.