Crypto-focused PAC Fairshake amasses $141 million war chest ahead of 2026 elections

Crypto-focused political action committee Fairshake, along with several allied PACs, is gearing up ahead of next year’s midterm elections with a commanding $141 million war chest.

Fairshake said it has raised $109 million since elections in November and $52 million during the first half of this year, in a statement released on Tuesday.

"The voters last year were clear – Congress needs to stop playing politics with crypto and finally pass responsible regulation," said Josh Vlasto, spokesperson for Fairshake. "We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country."

Fairshake played a pivotal role during the election season last year as it spent millions backing pro-crypto candidates. Fairshake and super PAC Defend American Jobs spent $40 million supporting Republican crypto-friendly candidate Bernie Moreno, who later clinched a win in November against crypto-critic Democrat Sen. Sherrod Brown.

Fairshake hasreceived backing from web3-focused crypto venture firma16z Crypto,Ripple, andCoinbase, among others. The funds are likely to play a significant role in midterm elections next year as the PACs throw their weight behind candidates who supportcrypto.

This comes as lawmakers in Washingtonprepare for what is expected to be one of the biggest weeks for digital asset legislation, with a stablecoin bill potentially reaching President Donald Trump's desk by Friday.

The House of Representatives will consider the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS, as well as the Digital Asset Market Clarity Act, or Clarity for short. Passage of those bills could unlock significant growth for the industry, Bitwise Chief Investment Officer Matt Hougan said in a note to clients.