Fairshake
Dominant crypto super PAC; $134M filed with FEC, $193M publicly claimed for 2026 midterms.
Last refreshed: 16 April 2026 · Appears in 1 active topic
How will Fairshake deploy M in the months before the 2026 primary season?
Timeline for Fairshake
Mentioned in: Fellowship PAC ghost-ad draws GOP scrutiny
US Midterms 2026Mentioned in: Fellowship PAC: $11m filed, $89m missing
US Midterms 2026Mentioned in: Trump Family Ethics Clause Stalls Crypto Bill
US Midterms 2026Fairshake FEC Receipts Fall $59M Below Claims
US Midterms 2026- 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 .2 million per month in January and February 2026 — a slow-receipts phase consistent with a transition from fundraising to active deployment mode. With .4 million in cash, Fairshake has the capacity to intervene decisively in competitive Senate and House primaries. The Fellowship PAC story, by contrast, illustrates how much opacity remains in crypto political spending: Fairshake's own million gap between claimed and filed figures sits alongside Fellowship PAC's million gap.