As the United States gears up for its presidential election, leaders in the cryptocurrency sector along with tech giants from Silicon Valley are significantly increasing their fundraising efforts through Fair Shake to prepare for the upcoming 2026 midterm elections.
Fairshake, a super PAC focused on cryptocurrency advocacy, has successfully gathered $78 million from supporters within the blockchain space for its lobbying initiatives in 2026, as reported by CNBC.
The midterm elections, scheduled for two years after the presidential elections, will determine numerous Congressional positions and could impact regulations surrounding digital assets. Among the key supporters backing pro-crypto candidates are Coinbase and Andreessen Horowitz.
Coinbase, recognized as the largest centralized cryptocurrency exchange in the U.S., has committed to contributing $25 million. Additionally, a16z crypto has announced a $23 million donation to Fairshake, as highlighted by managing partner Chris Dixon.
In total, contributions from various crypto and blockchain-oriented companies have reached $170 million, benefiting FairShake, which was established by a coalition of more than a dozen organizations. FairShake’s fundraising has accounted for nearly half of all corporate donations in the current electoral cycle, similar to other crypto-focused PACs.
Major donations to Fairshake this election cycle are from A16z, Coinbase, Jump Crypto, and Ripple, contributing significantly to the $170 million allocated for crypto lobbying efforts. FairShake has utilized about $135 million in its campaigns aimed at influencing lawmakers and state officials.
An extensive lobbying campaign for cryptocurrency commenced just hours ahead of the final vote in the tight presidential contest between Republican Donald Trump and Democrat Kamala Harris. Prediction platforms like Polymarket are currently suggesting a 57.9% likelihood of a Trump victory against a 42.3% chance for Harris. However, national polls indicate that the competition remains very close.
The announcement of the presidential election results is expected on November 5, although delays in vote counting may occur. Trading volume in Polymarket’s presidential contract has surpassed $3.1 billion as bets were placed during the final moments of the election.
The largest prediction market for the presidential race will finalize results once a consensus winner is declared by the Associated Press, FOX, and CNBC; otherwise, Polymarket’s betting pool will stay active until its rollout in January.
