Common Questions

How much money does Fairshake have for 2026 midterms?

Fairshake holds $171.4 million in cash per FEC data, though the PAC publicly claims $193 million. The gap reflects pledges not yet formally reportable.Source: FEC

Is Fairshake donations and crypto bill timing a coincidence?

FEC filing timestamps show Ripple donated $23M nine days before a CLARITY Act committee markup, and Andreessen Horowitz donated $47.6M five weeks before another markup. Critics say the timing is not coincidental.Source: FEC filings

What races is the crypto PAC Fairshake targeting in 2026?

Fairshake operates as a bipartisan vehicle targeting competitive Senate and House races to elect crypto-friendly candidates on both sides of the aisle.Source: event

Background

Fairshake is the Cryptocurrency industry's principal political vehicle, holding $171.4 million in cash on hand per the most recent FEC data, though the PAC publicly claims $193 million in its war chest. The $59 million gap between the claimed figure and the $134 million in FEC-filed receipts appears to reflect pledges and in-kind commitments not yet formally reportable .

FEC filing timestamps reveal a direct correlation between crypto industry donations to Fairshake and congressional committee markup schedules. Ripple contributed $23 million nine days before the Senate Agriculture Committee marked up the CLARITY Act on 29 January 2026. Andreessen Horowitz contributed $47.6 million on 10 December 2025, five weeks before the Senate Banking Committee markup on 14 January 2026 . The Cryptocurrency industry overall has committed more than $272 million to the 2026 midterms, more than double its 2024 cycle spend .

Fairshake operates as a bipartisan vehicle, targeting both Republican and Democratic races to elect crypto-friendly candidates. Per FEC filings, the PAC received modest amounts per month in January and February 2026 — a slow-receipts phase consistent with a transition from fundraising to active deployment mode. With $171.4 million in cash, Fairshake has the capacity to intervene decisively in competitive Senate and House primaries.

Fairshake's publicly claimed war chest of $193 million overstates FEC-filed receipts of $134.6 million by $58.4 million — an overclaim gap that widened in the most recent filing cycle. The gap appears to reflect pledges and in-kind commitments not yet formally reportable under FEC rules, but it means the PAC's stated firepower exceeds independently verifiable figures.

Fairshake is the visible anchor of a broader crypto super PAC network that has committed more than $272 million to the 2026 cycle, more than double the industry's 2024 spend. The network also includes Fellowship PAC, whose Q1 FEC filing disclosed only $11 million of a claimed $100 million — a disclosure gap that drew Republican leadership scrutiny after a $1.75 million Paxton ad buy was pulled under pressure. Fairshake's own gap sits alongside Fellowship PAC's as a structural transparency problem for a sector that is simultaneously lobbying for favourable federal legislation.