FAIRSHAKE SET UP FOR A HAPPY ELECTION NIGHT
Crypto’s campaign-finance arm Fairshake drew so much attention in the 2024 elections, and for good reason, since the industry dominated the political donations scene with its $169 million war chest.
But the Fairshake political action committee and its affiliate PACs — backed mostly by crypto firms including Coinbase, Ripple and a16z — devoted their spending to congressional races only, choosing not to get into the presidential contest. The outcome: The effort is almost guaranteed to pay off with at least a couple of dozen new members of Congress that crypto dollars helped into Washington.
And Fairshake made a careful division of its party giving (managing to anger both sides in the process). Its final list of 58 congressional candidates the groups supported included 30 Democrats and 28 Republicans. Many of those were already incumbents and crypto allies, but the PACs pursued a strategy during the primaries to help elevate crypto-friendly winners in districts in which their candidate’s party was strongly favored to win in the general. That way, the general election is meant to be a night of victorious news.
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