Crypto super PAC group expands war chest to more than $190M
A super PAC group funded by the cryptocurrency industry said Wednesday it has grown its war chest to more than $190 million ahead of this fall’s midterm elections, a haul intended to push lawmakers to support industry-friendly legislation that is struggling to advance in the Senate.
The PAC network, known as Fairshake, reeled in new contributions from the crypto company Ripple, which gave $25 million, and the venture capital firm Andreessen Horowitz, which donated $24 million. Its $193 million total, set to be reported in federal campaign finance filings that are due at the end of the month, also includes previously reported contributions from the crypto exchange Coinbase that total $50 million since the 2024 election.
The group — which includes the super PACs Fairshake, Protect Progress and Defend American Jobs — emerged as a major player in the 2024 elections, when it spent more than $100 million on House and Senate races across the country. It spent more than $40 million to help defeat then-Senate Banking Chair Sherrod Brown, who is now running for Senate again in Ohio, and backed Democratic Sens. Ruben Gallego of Arizona and Elissa Slotkin of Michigan with about $10 million each.
The group’s top priority — a so-called crypto market structure bill that would divvy up oversight of digital assets between market regulators — is currently pending in the Senate, where it has been bogged down by a slew of problems.
https://www.politico.com/live-updates/2026/01/28/congress/crypto-super-pac-war-chest-00752834
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