Fairshake discloses $78m crypto donation war chest

Crypto leaders and Silicon Valley giants have increased Fairshake’s funding for the US 2026 mid-term election cycle, even as America prepares to decide on its next president.

According to CNBC, crypto super PAC Fairshake has raised $78 million from blockchain supporters and businesses for mid-term lobbying in 2026.

US midterm elections, held two years after the end of the president’s term, are deciding many congressional seats and potentially bolstering digital asset regulations. Coinbase and Andreessen Horowitz are among backers funding pro-crypto candidates in Congress.

Coinbase, America’s largest centralized crypto exchange, pledged to donate $25 million. Previously, crypto.news reported that a16z cryptocurrency had committed $23 million to Fairshake, as announced by managing partner Chris Dixon.

Crypto industry firms and blockchain-friendly companies contributed a total of $170 million to Fairshake, a super PAC founded by more than a dozen organizations. Fairshake’s figures show that, along with other crypto-aligned PACs, it accounted for nearly 50% of corporate donations for the 2024 general election.

A16z, Coinbase, Jump Crypto, and Ripple donated most of Fairshake’s $170 million crypto lobbying war chest this cycle. Fairshake spent approximately $135 million targeting legislators and state policymakers.

Long-term crypto lobbying commitments were floating hours before the final vote for president between Republican Donald Trump and Democrat Kamala Harris. On prediction platforms like Polymarket, Trump had a higher probability of winning at 57.9% compared to Kamala’s 42.3%. But national polls showed a tight race between the rivals.

Presidential election results may be announced on November 5. However, if vote counting takes a long time, it may cause delays. Polymarket’s presidential contract surpassed $3.1 billion in volume as traders placed stoppage time bets.

The largest presidential prediction market will settle with the Associated Press, Fox and CNBC declaring a single winner. Otherwise, Polymarket’s betting pool would remain open until the opening in January.