Crypto Super PAC Fairshake takes top spot in funds raised
Fairshake PAC has raised more funds than any other Super PAC for the 2024 cycle, according to Federal Election Commission data compiled by OpenSecrets.
The Fairshake PAC has raised nearly $203 million, edging out the Make America Great Again Inc. Super-PAC, which has raised approximately $201 million.
The Super PAC has so far spent approximately $14.5 million, with the vast majority — around $10 million — spent against Katie Porter when she was running for Senate.
This group has received broad support from the crypto industry, led by Coinbase, which has committed over $45 million to the organization, with an additional $1 million from Brian Armstrong, the chief exec and founder of Coinbase.
Ripple has also committed $45 million, and $44 million has come from Ben Horowitz and Marc Andreessen, named partners for Andreessen Horowitz.
While these firms have led the fundraising for this firm, they have been joined by many others, including Jump, Kraken, Circle, Paradigm, and more.
Read more: Coinbase boosts lobbying efforts with massive political donations
Author and venture capitalist Balaji Srinivasan took to X (formerly Twitter) to comment on this event by claiming, “Attacking crypto means risking your seat.”
The overall size of this Super PAC with this big of a war chest emphasizes the increasing importance of cryptocurrency as a political issue.
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