The 2024 presidential election has yet to even happen—and the crypto industry is already training its crosshairs on 2026. 

On Monday, the crypto super PAC Fairshake, which has already raised some $300 million to influence the outcome of tomorrow’s U.S. elections, announced that it has raised an additional $78 million to support pro-crypto candidates in the 2026 midterms.

Of that fresh funding, $25 million came last week from crypto exchange Coinbase, while another $23 million was announced this morning from venture capital giant Andreessen Horowitz. 

Why would crypto’s top players throw so much money at an election two years away, before the results of tomorrow’s presidential election are even known?

One D.C. insider—who requested anonymity to speak candidly—told Decrypt that special interest super PACs like Fairshake wield the most power in Washington in the period after they’ve raised substantial funds, but before they’ve spent those funds on specific candidates.

The source likened such funds—which are announced, but not yet distributed—to a “loaded gun” that Fairshake can now wave around to meaningful

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Author: Sander Lutz