Crypto News Today: Ripple and Other Firms Boost Fairshake’s Funds to $193M

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Crypto-backed political groups are becoming more active in U.S. politics as lawmakers debate new rules for digital assets. One of the most prominent groups is Fairshake, a crypto-funded political action committee that has reported $193 million in cash ahead of the 2026 midterm elections.

The large fund shows that the crypto industry is planning to influence future laws, rather than reacting only when regulations become a threat. As discussions continue around crypto markets, stablecoins, and blockchain technology, Fairshake’s growing funds point to a long-term political strategy.

Ripple, Coinbase Lead Crypto Political Funding

Fairshake’s funding comes from some of the biggest names in the crypto industry. In 2025, Ripple Labs donated $25 million, while Andreessen Horowitz contributed $24 million, and Coinbase added another $25 million. These contributions increased Fairshake’s total funds by about 37% compared to its previous report in July.

Fairshake spokesperson Josh Vlasto said the group supports political candidates who back innovation and opposes those pushing for overly strict crypto rules. The PAC says its focus is on consumer protection, keeping crypto businesses in the U.S., and improving access to digital financial services.

Fairshake’s Past Election Spending Shows Strong Influence

Fairshake has already spent heavily in past elections. During the 2024 federal elections, the group spent over $130 million on advertising campaigns supporting pro-crypto candidates and opposing critics of the industry.

The spending continued into 2025, with more than $2 million used in special congressional elections in Virginia and Florida. As the 2026 elections get closer, Fairshake is expected to spend even more, especially in close races where crypto laws may influence voter decisions.

Crypto Industry Expands Political Presence in Washington

Fairshake is not alone. Other crypto-backed political groups are also increasing their activity. Organizations linked to Gemini and Crypto.com reported $21 million in support for a pro-Trump Super PAC. Gemini founders Cameron and Tyler Winklevoss separately donated $21 million in Bitcoin to the Digital Freedom Fund.

Meanwhile, Fellowship PAC has disclosed $100 million in available funds, and Kraken has committed $2 million toward crypto-related political efforts.

Crypto Policy Influence to Be Tested in 2026 Elections

With nearly $200 million ready to spend, Fairshake shows that the crypto industry is building lasting political influence in Washington. Discussion on social media suggests the industry is now focused on shaping future policy, not just protecting itself.

The 2026 midterm elections are expected to be a key moment in determining whether crypto-backed political funding can lead to real changes in U.S. crypto regulations.