Fairshake

Last updated

Fairshake is a political action committee funded by the cryptocurrency industry that supported candidates in the 2024 United States elections. [1] [2] [3] [4] Major contributors include Coinbase, Ripple, and Andreessen Horowitz. [5]

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. [6]

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. [7]

Following the 2024 presidential election, Brad Garlinghouse, founder of Ripple, claimed that the creation of Fairshake and other legislative efforts around cryptocurrency regulation are a reaction to the federal government's "War on Crypto." [8]

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. ↑ Giorno, Taylor (29 May 2024). "Ripple pumps additional $25 million into pro-crypto super PAC". The Hill .
  7. ↑ Wilkins, Emily (26 June 2024). "Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races". CNBC.
  8. ↑ 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.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.