Crypto PAC Fairshake touts $193 million war chest as regulatory bill faces first vote

Crypto PAC Fairshake touts 3 million war chest as regulatory bill faces first vote


The crypto political action committee Fairshake amassed $193 million by the end of last year, positioning itself to play a major role in congressional midterms as lawmakers negotiate a major cryptocurrency bill set to get its first vote this week. —

The total, shared with CNBC by Fairshake ahead of the Jan. 31 reporting deadline, includes funds raised for Fairshake, which gives to candidates of both parties, as well as its sister PACs — the Democrat-focused Protect Progress and Republican-focused Defend American Jobs.

The new total reflects two major donations made in the second half of 2025. Blockchain company Ripple gave $25 million, and Andreessen Horowitz’s a16z gave $24 million. Coinbase, the group’s other major donor, gave $25 million in the first half of last year, just before the PAC announced it had $141 million on hand.

“With the midterms approaching, we are united behind our mission with Fairshake continuing to oppose anti-crypto politicians and support pro-crypto leaders,” PAC spokesperson Josh Vlasto said.

Read more CNBC politics coverage

The total is almost as much as Fairshake raised from contributions in the entire 2024 midterms cycle. The group spent roughly $195 million helping elect a slate of pro-crypto lawmakers, according to FEC data. That spending paid off last year when Congress passed rules-of-the-road legislation for stablecoins.

Senators this week are negotiating a bill setting regulations for all digital assets.

Part of the bill will get its first vote Thursday in the Senate Agriculture Committee. But the other part, overseen by the Senate Banking Committee, was delayed after senators canceled a planned vote over continuing disputes over the bill.



Source

Warsh nomination moves ahead, putting Trump’s competing Fed plans on a collision course
Politics

Warsh nomination moves ahead, putting Trump’s competing Fed plans on a collision course

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images The Senate Banking Committee will hold a nomination hearing on April 16 for Kevin […]

Read More
Trump is calling for a major increase in defense spending alongside cuts in domestic spending
Politics

Trump is calling for a major increase in defense spending alongside cuts in domestic spending

President Donald Trump is asking Congress to boost defense spending to $1.5 trillion, the largest such request in decades and the latest signal of the president’s emphasis on U.S. military investments over domestic programs. The 2027 plans for the Pentagon were confirmed in a White House outline of Trump’s 2027 budget proposal released Friday. The White […]

Read More
Trump tariff fallout: Some industries grapple with lingering effects one year later
Politics

Trump tariff fallout: Some industries grapple with lingering effects one year later

A year after President Donald Trump declared his “liberation day” and imposed sweeping tariffs on imports, kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive, […]

Read More