Crypto-backed Super PAC reports raising $78M for 2026 midterm efforts
The 2024 election results are likely still days away from being called, but industry advocates are looking to the next session of the US Congress.
With polls in the 2024 United States elections closing in less than 48 hours, a political action committee (PAC) has already announced millions of dollars raised to support pro-crypto candidates in the 2026 midterms.
In a Nov. 4 notice, the Fairshake PAC reported it had received $48 million in contributions from cryptocurrency exchange Coinbase and venture capital firm Andreessen Horowitz, in addition to the $30 million the committee had “in the bank.”
Coinbase CEO Brian Armstrong announced a $25-million contribution to Fairshake on Oct. 30, and the PAC reported receiving $23 million from Andreessen Horowitz.
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Author: Turner Wright
