Fairshake is the dominant political vehicle of the U.S. cryptocurrency industry, established in late 2023 and rapidly becoming one of the largest industry-funded super PACs in American history. Fairshake’s two affiliated PACs — Defend American Jobs (Republican-focused) and Protect Progress (Democratic-focused) — allow the industry to support pro-crypto candidates of either party.
The three Fairshake-aligned PACs received the vast majority of their funding from a small number of crypto industry donors: Coinbase contributed roughly $75 million, Ripple Labs roughly $50 million, and venture capital firm Andreessen Horowitz roughly $60 million. Additional donors included Jump Crypto, Circle, Kraken, the Winklevoss twins of Gemini, and other industry executives and firms.
Fairshake’s 2024 spending was concentrated heavily against candidates seen as hostile to the crypto industry — most notably $10 million against Representative Katie Porter in California’s Democratic Senate primary (which she lost) — and in favor of candidates committed to lighter regulation. After 2024, Fairshake announced it would carry forward more than $100 million into the 2026 midterm cycle, making it one of the most heavily funded ongoing industry super PACs in U.S. politics.
Website: fairshakepac.com · OpenSecrets profile: Searchable as “Fairshake” at OpenSecrets