Crypto-backed Super PAC reports raising $78M for 2026 midterm efforts

November 4, 2024 Coin Telegraph

Coinbase Pledges Millions to Crypto PAC War Chest, Rejects Illegality Allegations

November 1, 2024 Bitcoin.com

Crypto PAC’s final media buys before US Election Day go to Wisconsin

October 29, 2024 Coin Telegraph

The Fairshake PAC reported to the FEC spending more than $760,000 on a media buy supporting Wisconsin Representative Bryan Steil, running for reelection in 2024.

The cryptocurrency-backed political action committee (PAC) Fairshake has reported one of its last expenditures before Election Day in the United States — and it’s supporting a Republican candidate in Wisconsin.

In an Oct. 28 filing with the Federal Election Commission, Fairshake reported spending more than $760,000 on a media buy supporting Wisconsin Representative Bryan Steil, running for reelection in the state’s 1st congressional district. With seven days until US voters decide who their elected representatives will be in Congress and the White House, the media buy for Rep. Steil will likely be one of Fairshake’s final actions before Election Day.

Steil, who has served as a Wisconsin representative in the US Congress since 2019, voted in favor of the Financial Innovation and Technology for the 21st Century Act and a resolution overturning the US Securities and Exchange Commission’s Staff Accounting Bulletin No. 121. The Republican lawmaker will face off against Democrat Peter Barca on Nov. 5, with an October poll showing Barca trailing Steil by three points.

Crypto Super PACs win big backing candidates in 3 US state primaries

August 7, 2024 Coin Telegraph

Coin Telegraph

After backing two losing candidates in Arizona primaries on July 30, the crypto-backed Fairshake PAC and its affiliates could claim up to four new victories in congressional races.

News outlets have already called three primary races in Missouri and Michigan, potentially influenced by funds from the Fairshake Super political action committee (PAC) or its affiliates, with a fourth in Washington being also a possible victory.

As of Aug. 7, media outlets reported that Democrat Wesley Bell had defeated incumbent Cori Bush in the party primary for Missouri’s 1st Congressional District, Bob Onder had won the Republican nomination for Missouri’s 3rd, and Shri Thanedar had won the Democratic primary in Michigan’s 13th. At the time of publication, officials were still tabulating votes to determine the winner of the Democratic primary in Washington’s 6th Congressional District.

Fairshake and its affiliates, the Defend American Jobs PAC and the Protect Progress PAC, poured roughly $4 million combined into the four primary races in an attempt to support pro-crypto candidates for the United States House of Representatives or oppose ones who had expressed anti-crypto views. $1.4 million went into a media buy to oppose Bush, $250,000 to support Onder and $1 million to support Thanedar.

Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries

August 6, 2024 Coin Telegraph

Crypto PACs invest M in candidates ahead of Aug. 6 primaries

Coin Telegraph

Missouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto interest groups.

After pouring millions of dollars into races to support and oppose candidates from both major political parties, the Fairshake Super political action committee (PAC) and its affiliates await the results as registered voters in Missouri, Michigan, and Washington go to the polls.

On Aug. 6, residents of Missouri, Michigan, and Washington will vote on which Democrats and Republicans will go on to face each other in a November election for seats in the United States House of Representatives and Senate. At the time of publication, the polls had not closed, and no media outlets had announced clear primary winners in any district. Kansas will also be conducting party primaries on Aug. 6, but it did not appear that any crypto-focused candidates were running for House seats.

According to data from the Federal Election Commission, Fairshake spent roughly $1.4 million on a media buy to oppose incumbent Democrat Cori Bush in Missouri’s 1st Congressional District, where she has served since 2021. The Defend American Jobs PAC, a Fairshake affiliate, spent more than $250,000 on a media buy to support Republican candidate and former state senator Bob Onder in Missouri’s 3rd Congressional District after Republican Blaine Luetkemeyer announced his retirement.