- Fairshake and allies raise $141M to back pro-crypto candidates as Congress prepares for a pivotal vote on digital asset bills.
- The GENIUS and CLARITY Acts could reshape crypto regulation as major PACs and blockchain firms push for legislative momentum.
- Coinbase, Ripple, and a16z back Fairshake’s mission to ensure crypto-friendly leadership and unlock long-term industry growth.
Crypto’s most powerful super PAC, Fairshake, is preparing for a high-stakes 2026 midterm election cycle with $141 million in hand. The total includes $52 million raised in the first half of 2025 and $25 million contributed by Coinbase. Since Election Day 2024, the group and its affiliates have collected $109 million. Fairshake’s renewed strategy focuses on pushing crypto-friendly candidates to victory while urging Congress to regulate digital assets responsibly.
Besides Fairshake, affiliated PACs like Defend American Jobs plan to spend aggressively next year. These groups have already proved their influence. Last year, they spent $40 million backing Republican candidate Bernie Moreno. He defeated crypto critic Senator Sherrod Brown in November. Consequently, Fairshake is now seen as a key player in shaping U.S. crypto regulation through political funding.
Pro-Crypto Groups Set Strategy as Key Bills Advance
Fairshake has support from major blockchain players, including a16z Crypto, Ripple, and Coinbase. These backers share one goal—build political momentum for clearer crypto rules. Josh Vlasto, Fairshake’s spokesperson, said they aim to ensure pro-crypto voices dominate critical races. Moreover, he emphasized the need for lawmakers to stop delaying on blockchain policy.
The PAC’s efforts come as Congress approaches one of its most important crypto weeks yet. Two major bills are now in focus. The GENIUS Act, aimed at regulating stablecoins, and the broader CLARITY Act could reshape the digital asset landscape. Bitwise CIO Matt Hougan believes passage of these laws may unlock explosive growth for the industry.
Stablecoin Bill Could Reach Trump’s Desk Soon
The House is expected to vote on the GENIUS stablecoin framework by Friday. If passed, it could land on President Donald Trump’s desk for approval. Some Democrats may oppose the larger CLARITY Act but could support the narrower GENIUS bill. The Cedar Innovation Foundation called the CLARITY Act the most important crypto vote of this Congress.
