Key Points:
Read more: Crypto PAC Fairshake Spends $25M to Support 18 House Candidates
Not all of Fairshake’s candidate endorsements have been successful despite its generally positive track record. Most recently, Fairshake spent over $2 million on campaign ads supporting Yadira Caraveo, a Democratic representative from Colorado, only to see her lose to her Republican opponent, Gabe Evans.
Currently, crypto PAC Fairshake counts 52 wins in the general, plus one loss, four losses from the primary, and five races still outstanding. Of those outstanding races, three are their candidates trailing behind while two are still in the lead.
The crypto PAC Fairshake, with affiliates Protect Progress and Defend American Jobs, has aggregated $78 million so far for this election cycle, with top companies like Coinbase and Andreessen Horowitz being the top contributors. In all, it encapsulates more than $30 million in funds raised and $48 million in new commitments.
Fairshake’s activity was pronounced in the 2024 cycle, whereby the crypto industry was estimated to have invested $135 million into over 50 candidates from both parties, including newcomers and incumbents.
Coinbase also promised another $25 million to Fairshake, underscoring the need for crypto-friendly candidates in Congress. This now sets up the crypto industry for serious influence in this race after having invested millions already in the early parts of the 2026 campaign.
DISCLAIMER: The information on this website is provided as general market commentary and. does not constitute investment advice. We encourage you to do your own research before investing. |
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
Abu Dhabi, UAE, 21st November 2024, Chainwire
Senator Cynthia Lummis outlined the Strategic Bitcoin Reserve, which will sell part of the Fed's…
As the cryptocurrency market expands and matures, a select few projects stand out for their…
This website uses cookies.