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Fairshake holds more than $95m for US midterms, Politico reports

NewsFeeds update

Crypto super PAC Fairshake held over $95m in election funds as of late September, funded mainly by Coinbase, Ripple and a16z, Politico reported. Its affiliate Defend American Jobs spent $45m backing Republican Sen. Jon Husted against crypto critic Sherrod Brown.

RegulationCoinNessAIBullish

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The story so far: Crypto donors in US midterms

Crypto donors have become major spenders in the US midterms, with Coinbase and the Winklevoss twins among the top individual donors. Crypto PACs have now spent almost $170m before the 3 November vote, leaning Republican, with Fairshake and affiliates putting in $154m and holding $56m for the next cycle.

  1. Fairshake network says it has spent over $52.6m on Ohio Senate race

    Crypto super PAC Fairshake and its affiliates have spent more than $52.6m on Ohio's Senate race, according to Federal Election Commission filings. Fairshake-affiliated Defend American Jobs had spent about $46.66m as of 15 Oct, including $15,600 disclosed on 13 Oct for materials opposing Brown.

    RegulationCoinNessAINeutral

  2. Fairshake holds more than $95m for US midterms, Politico reports

    Crypto super PAC Fairshake held over $95m in election funds as of late September, funded mainly by Coinbase, Ripple and a16z, Politico reported. Its affiliate Defend American Jobs spent $45m backing Republican Sen. Jon Husted against crypto critic Sherrod Brown.

    RegulationCoinNessAIBullish

  3. Coinbase ranks 11th among top US midterm election donors

    Coinbase placed 11th among the top 50 donors to this year's US midterm elections with about $57.7m, while the Winklevoss twins ranked 12th with roughly $55.3m combined, according to Federal Election Commission data cited by the Washington Post. The top 50 gave $2.39bn in total, with $1.54bn to Republicans and $590m to Democrats.

    RegulationCoinNessAINeutral

  4. Coinbase and Ripple among crypto donors backing US midterms

    Coinbase has given about $57.8m and Ripple about $49.6m to US midterm election campaigns, ranking fifth and seventh among donor organisations. Gemini founders Cameron and Tyler Winklevoss gave about $55.9m combined and Foris Dax $39m.

    RegulationOdailyAINeutral

  5. Crypto industry spends about $176m backing US midterm allies

    The crypto industry has spent about $176m across more than 100 races this US midterm cycle to build cross-party congressional allies. Fairshake and affiliates spent about $151m as of 20 Oct, with Coinbase, Ripple and a16z among main funders.

    RegulationChainCatcherAINeutral

  6. US crypto industry spends over $200m on 2026 midterms to push CLARITY Act

    The US crypto industry is putting more than $200m into lobbying and the 2026 midterms to push the CLARITY Act, which stalled in the Senate in September. Fairshake, backed by Coinbase and Ripple, has supported 33 House candidates and spent $55m in Ohio against Sherrod Brown.

    RegulationCoinNessAIBullish

  7. Crypto industry spends about $63m to oppose Sherrod Brown's Senate return

    The crypto industry is spending about $63m to try to stop former senator Sherrod Brown returning to Congress in Ohio, with Fairshake putting in nearly $56m and the Winklevoss brothers' PAC about $7.2m. Including 2024, crypto-backed spending against Brown has topped $100m over two years.

    RegulationOdailyAINeutral

  8. Crypto PACs spend nearly $170m ahead of US midterms, favouring Republicans

    Crypto political action committees have spent almost $170m before the 3 November US midterms, leaning towards Republican candidates. Fairshake and affiliates put in $154m and hold $56m for the next cycle, while the Winklevoss-backed Digital Freedom Fund spent over $8m this month.

    RegulationOdailyAINeutral

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