Fairshake

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Fairshake is a political action committee funded by the cryptocurrency industry that supported pro-cryptocurrency candidates in the 2024 United States elections. [1] [2] [3] [4] Major contributors include Coinbase, Ripple, and Andreessen Horowitz. [5] Fairshake spent nearly twice as much on Republican candidates than on Democratic candidates. [6]

The Hill reported that more than $10 million of the super PAC's spending went toward opposing the California Democratic Senate primary bid of Katie Porter, who lost in the March 2024 primary. [7]

As of June 2024, CNBC reported that Fairshake had backed the winning candidate in 33 of the 35 House and Senate primary races it had entered. [8]

Following the 2024 presidential election, Brad Garlinghouse, CEO of Ripple Labs, claimed that the creation of Fairshake and other legislative efforts around cryptocurrency regulation are a reaction to the federal government's "War on Crypto." [9]

References

  1. ↑ Huang, Vicky Ge (2024-05-29). "Ripple Donates Another $25 Million to Crypto Super PAC Fairshake". The Wall Street Journal . Retrieved 2024-07-31.
  2. ↑ Beckett, Lois (2024-03-01). "Crypto Super Pac spends $10m on Katie Porter attack ads in California race". The Guardian . Archived from the original on 2024-06-01. Retrieved 2024-07-31.
  3. ↑ Goldmacher, Shane (February 13, 2024). "Crypto PAC Jumps Into Senate Race, Opposing Katie Porter in California". The New York Times . Retrieved 2024-07-31.
  4. ↑ Goldmacher, Shane (March 8, 2024). "Crypto Super PAC to Target Races in Ohio and Montana That Could Swing the Senate". The New York Times . Retrieved 2024-07-31.
  5. ↑ Rowe, Niamh (2024-06-03). "Coinbase donates $25 million to super PAC Fairshake days after Biden vetoes crypto custody bill". Fortune . Archived from the original on 2024-06-12. Retrieved 2024-07-31.
  6. ↑ "How the Trump companies made $1bn from crypto". Financial Times. 2025.
  7. ↑ Giorno, Taylor (29 May 2024). "Ripple pumps additional $25 million into pro-crypto super PAC". The Hill .
  8. ↑ Wilkins, Emily (26 June 2024). "Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races". CNBC.
  9. ↑ Brennan, Margaret (2024-12-08). "Crypto industry spent big during the 2024 election. How it might impact Washington. - CBS News". www.cbsnews.com. Retrieved 2025-07-16.


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