INSUBCONTINENT EXCLUSIVE:
Fairshake, a US-based political action committee (PAC) backed by contributions from cryptocurrency companies including Coinbase and Ripple
Labs, reported holding $141 million in assets to be used to influence upcoming elections.In a statement released on Tuesday, Fairshake said
it had raised about $52 million in the first half of 2025, with $25 million from Coinbase
This total, including its $109 million raised since November 2024, had the PAC holding more funds than it spent on congressional races in
Source: Paul GrewalThe PAC, through its affiliates Defend American Jobs and Protect Progress, has already spent more than $2 million to
support candidates in special congressional elections in 2025 for three House seats in Virginia and Florida
spend.Tha PAC likely played a role in influencing the outcome of crucial races during the 2024 US elections after spending more than $130
elections, when many crypto industry donations to candidates were directed by former FTX CEO Sam Bankman-Fried, who was later indicted for
received contributions from other figures in the industry, including Gemini co-founders Cameron and Tyler Winklevoss, executives at Ripple
pass three pieces of crypto-related legislation for payment stablecoins, market structure and central bank digital currencies
Trump directed all members of his party to support the stablecoin bill, called the GENIUS Act, including the two House members from Florida
successful, they could give Trump and Republicans a wider margin for error when enacting their legislative agenda, including bills to
