$85 Million Crypto Super PAC Sets Sights on Transforming Senate Makeup A well-funded political action committee
(PAC) backed by
prominent figures in the cryptocurrency industry has set its sights on key
Senate races, with the goal of potentially shifting the balance of power in Congress.
The PAC, called
Fairshake, recently spent over $10 million successfully opposing a
Democratic U.S. Senate candidate in California and now plans to concentrate its efforts on races in Ohio, Montana, Maryland, and Michigan.
Fairshake, which has amassed a staggering $85 million in funding, primarily from major crypto players
Coinbase, Ripple Labs, and Andreessen Horowitz, intends to allocate resources to the
general elections in Ohio and Montana, as well as the Democratic primaries in Maryland and
Michigan. These states are particularly significant due to vulnerable Democratic senators up for
re-election, who have previously expressed skepticism or criticism towards
cryptocurrencies.
