Crypto Super PAC raises $169M following $10M donation from Jump Crypto
A Fairshake spokesperson told Cointelegraph that the political action committee would “have the resources to affect races in 2024 and beyond.”
Fairshake, a political action committee (PAC) that has been backing attack ads against different United States lawmakers, announced that it had raised $169 million ahead of many primaries in the country.
In a June 19 notice to Cointelegraph, a Fairshake spokesperson said Jump Crypto, the digital asset arm of Jump Trading, had donated $10 million to the Super PAC, making its total donations roughly $169 million since its launch. The group has received millions in contributions from crypto firms including Coinbase and Ripple — and an earlier $5 million donation from Jump Crypto — as well as Marc Andreessen and Ben Horowitz of Andreessen Horowitz and Cameron and Tyler Winklevoss of crypto exchange Gemini.
Fairshake may have already impacted the outcome of certain key races in U.S. elections and continues to purchase media buys as Election Day approaches on Nov. 5. In the United States, money from Super PACs can be used to support specific candidates and political parties, but the groups are not supposed to coordinate with the campaigns.
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Author: Turner Wright
