Cryptocurrency companies are already planning to invest large sums of money into the 2026 midterm elections, even before the results of the upcoming 2024 presidential election are known. The crypto super PAC Fairshake, which has already raised around $300 million to influence the outcome of the 2024 U.S.
elections, announced on Monday that it has raised an additional $78 million for the 2026 midterms, with $25 million coming from crypto exchange Coinbase and another $23 million from venture capital giant Andreessen Horowitz. Some in the industry believe that this is a way of showing that the companies’ goal of creating a pro-crypto Congress has already been accomplished, and that they will continue to have a significant political influence long after the 2024 election is over.
The overwhelming majority of Fairshake’s funding has come from just three major U.S.-based companies: Coinbase, Andreessen Horowitz, and Ripple.
