Crypto PACs Intensify Efforts for 2026 U.S. Midterm Elections
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In preparation for the 2026 U.S. midterm elections, crypto political action committees (PACs) are significantly increasing their efforts to support pro-crypto candidates.
Fairshake’s Growing Influence
Fairshake, a prominent crypto PAC, has announced that it has amassed over $116 million to back candidates favorable to cryptocurrency interests.
Fairshake’s substantial fundraising underscores its growing influence in US politics.
In the 2024 elections, the PAC spent approximately $131 million supporting candidates in both primaries and the general election, many of whom secured their seats. This success has emboldened Fairshake to continue its efforts into the 2026 midterms.
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Key contributors to Fairshake’s war chest include major industry players such as Ripple Labs, Coinbase, and venture capital firm Andreessen Horowitz. These organizations have bolstered the PAC’s financial resources, enabling it to influence the political landscape considerably.
The infusion of funds from crypto PACs like Fairshake is poised to significantly impact US crypto policy. In the 2024 elections, Fairshake’s affiliate, Defend American Jobs, spent over $40 million on advertisements supporting Republican Bernie Moreno’s bid for the U.S. Senate in Ohio, a move that some experts believe contributed to incumbent Sherrod Brown’s defeat.
In the January 28 special election primaries for Florida’s 1st and 6th congressional districts, the PAC spent over $700,000 to support Republican candidates Jimmy Patronis and Randy Fine, who both secured victories.
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Impact on U.S. Crypto Policy
As of now, Republicans hold a narrow majority in both the House of Representatives and the Senate.
While many lawmakers assert that cryptocurrency legislation is a bipartisan issue, the party in control of each chamber can set the legislative agenda, potentially influencing the direction of crypto-related policies.
Fairshake’s spokesperson, Josh Vlasto, emphasized the organization’s commitment to advancing pro-crypto initiatives, stating, “We are keeping our foot on the gas. With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation.”
The increasing involvement of crypto PACs in the political arena reflects the industry’s determination to shape favorable regulatory frameworks.
By supporting candidates who advocate for innovation and responsible regulation, these organizations aim to influence the future of cryptocurrency legislation in the United States.
The increasing involvement of crypto PACs in politics aligns with President Donald Trump’s recent executive order prioritizing cryptocurrency at the national level.
The directive, which encourages collaboration between regulators and the crypto industry, underscores a growing push for innovation-friendly policies, reflecting the goals of these PACs.
As the 2026 midterm elections approach, the actions of crypto PACs like Fairshake will be closely monitored.