The crypto political action committee Fairshake has built a $193 million war chest, positioning itself as a major force as U.S. lawmakers prepare to vote on landmark crypto regulation.
Fairshake confirmed the figure ahead of the Jan. 31 reporting deadline, showing a surge in funding just as Congress begins debating how digital assets should be governed. The PAC supports candidates from both parties and operates alongside its sister groups Protect Progress and Defend American Jobs.
The funding surge was driven by major industry players. Ripple and Andreessen Horowitz together contributed $49 million in the second half of 2025, while Coinbase added $25 million earlier in the year. The total nearly matches what Fairshake spent during the entire 2024 election cycle.
The timing is critical. A Senate Agriculture Committee vote is scheduled for Thursday on part of a broader crypto market structure bill. A parallel section overseen by the Senate Banking Committee remains delayed due to unresolved disputes over regulatory scope.
Fairshake says its goal is to block anti-crypto lawmakers and support candidates favorable to digital asset innovation. The group’s influence has already been felt, helping push stablecoin legislation through Congress last year.
With midterm elections approaching, Fairshake’s growing financial power could significantly shape the regulatory future of cryptocurrencies in the United States.
