Donations from Ripple, a16z, and Coinbase powered the fundraising surge.

The crypto-focused political action committee Fairshake closed 2025 with $193 million in fundraising, arming the group with a sizable war chest as Congress prepares to vote on landmark cryptocurrency legislation and the 2026 US midterms begin to take shape.

The structure allows the network to support candidates across party lines, a strategy it says is aimed at building broad support for digital asset policy in Washington.

Ripple, a16z, and Coinbase Fuel Fairshake’s Fundraising Surge

Two large donations in the second half of last year pushed the tally sharply higher.

Blockchain firm Ripple contributed $25 million, while venture capital heavyweight Andreessen Horowitz added $24 million through its crypto arm, a16z.

Earlier in 2025, Coinbase donated $25 million, shortly before Fairshake disclosed it had already accumulated $141 million.

That spending coincided with Congress passing initial “rules of the road” legislation for stablecoins, a development the industry has pointed to as evidence of its growing influence.

Fairshake reported spending more than $130 million on media buys during the 2024 federal elections, promoting candidates it labeled “pro-crypto” and targeting opponents it considered hostile to the sector.

US Crypto Market Bill Faces Delay as 2026 Midterms Loom

A major push to establish a unified regulatory framework for digital assets in the United States could stall as lawmakers turn their focus to the 2026 midterm elections, according to a warning from TD Cowen.

Analysts warned that Senate Democrats may hesitate to support the bill ahead of elections that could reshape control of Congress, opting instead to delay key decisions until after the vote.

View sources >> Crypto PAC Fairshake Raises $193M Ahead of Key US Crypto Vote