The pro-crypto Super PAC Fairshake has built up a massive $116 million fund to influence the 2026 U.S. midterm elections. Several major backers, including a16z, Coinbase , and Ripple , have increased their contributions, strengthening Fairshake’s financial power. While it’s unclear which Senate races will be the group’s top targets, the political landscape has shifted. After Kamala Harris supported crypto and lost, anti-industry sentiment in Congress has noticeably decreased, though some opponents remain. Fairshake, known for its heavy spending in elections, is preparing for the upcoming midterms. According to CNBC, the PAC started accumulating funds right after Donald Trump won the presidency in November. A16z donated $25 million soon after, pushing the total to $103 million, with more contributions continuing to roll in. Election campaigns are costly, and Fairshake is expected to invest heavily. During the 2024 election cycle, the PAC spent approximately $180 million to influence races. The midterms are expected to be just as competitive, making the fund's growing war chest crucial. Aside from supporting Trump, Fairshake played a role in backing down-ballot candidates such as Bernie Moreno. In a statement, the group reaffirmed its commitment to supporting candidates who promote innovation, economic growth, and balanced regulation. Coinbase and other previous donors have doubled their financial support, while companies like Ripple and Uniswap have also contributed new funding. However, the key question remains: which candidates will Fairshake challenge? The crypto industry now holds a strong position in U.S. elections. In the last race, Kamala Harris was hesitant to embrace digital assets but eventually positioned herself as a pro-crypto candidate. She secured high-profile donations from industry figures, but they fell short compared to Trump’s backing. With the Democrats gradually shifting toward crypto-friendly policies, Fairshake’s strategy is unclear. Some likely targets include prominent industry critics, such as Senator Elizabeth Warren, who continues to oppose Trump’s crypto policies. Since the launch of the TRUMP meme coin, several lawmakers have called for investigations into potential criminal activity. Fairshake could fund candidates to challenge these figures in 2026. Another strategy might involve keeping Republican lawmakers in check. While most GOP members have aligned with Trump’s pro-crypto stance, some officials who previously opposed digital assets have now voiced support. The threat of Fairshake’s funding could ensure they stay loyal to the industry. With nearly two years until the midterms, Fairshake has time to plan its approach. Whether it focuses on defeating crypto opponents or reinforcing its influence within the GOP, the PAC is positioned to be a major player in shaping the elections.
