Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.

The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country.

Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates and opposing those seen as hostile to the industry. Robert Leshner of Superstate has also donated, according to the PAC.

Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. It’s among Fairshake’s top contributors, giving more than $75 million to Fairshake and its affiliated PACs in 2024 and committing another $25 million to the 2026 midterms.

Source: CNBC