America

Donald Trump

Crypto leaders and Silicon Valley giants have boosted Fairshake’s funds for the U.S. 2026 mid-term election cycle, even as America prepares to decide its next president. 
The crypto super PAC Fairshake has raised $78 million from blockchain supporters and businesses for mid-term lobbying in 2026, <a href="https://www.cnbc.com/2024/11/04/coinbase-a16z-contribute-78-million-to-pro-crypto-pac-for-2026-election.html" target="_blank" rel="nofollow">according to CNBC</a>. 
U.S. mid-term elections, held two years into a president’s term, determine many congressional seats, potentially favoring digital asset regulations. Coinbase and Andreessen Horowitz are among the backers funding pro-crypto candidates in Congress. 
America’s largest centralized crypto exchange, Coinbase, pledged to donate $25 million. Earlier, crypto.news <a rel="" href="https://crypto.news/a16z-pledges-23m-to-fairshake-for-2026-mid-terms/">reported</a> that a16z crypto committed $23 million to Fairshake, as announced by managing partner Chris Dixon. 
Crypto industry firms and blockchain-friendly companies have <a href="https://crypto.news/crypto-super-pac-fairshake/" target="_blank">contributed</a> a total of $170 million to Fairshake, a super PAC founded by over a dozen entities. Fairshake’s numbers, along with other crypto-aligned PACs, made up nearly 50% of corporate <a href="https://crypto.news/crypto-donations-for-2024-u-s-election-hit-190m/" target="_blank">donations</a> for the 2024 general elections. 
 You might also like: <a rel="" href="https://crypto.news/a16z-pledges-23m-to-fairshake-for-2026-mid-terms/"> A16z pledges $23m to Fairshake for 2026 mid-terms </a> 
A16z, Coinbase, Jump Crypto, and Ripple donated most of Fairshake’s $170 million crypto lobbying war chest this cycle. Fairshake has spent around $135 million, targeting legislators and state policymakers. 
Long-term crypto lobbying commitments floated on hours before the final voting between Republican Donald Trump and Democrat Kamala Harris for president.&nbsp;On prediction platforms like <a href="https://crypto.news/with-the-us-election-only-a-day-away-trump-harris-getting-closer-on-polymarket/" target="_blank">Polymarket</a>, Trump had a higher winning probability at 57.9% against Kamala’s 42.3%. But national polls implied a tight race between the rivals. 
Presidential election results may be announced on Nov. 5. However, protracted vote counting could cause delays. Polymarket’s presidential contract crossed $3.1 billion volume as traders placed stoppage time wagers. 
The largest presidential prediction market will resolve when the Associated Press, Fox, and CNBC all declare a single winner. If not, Polymarket’s betting pool would remain open until the inauguration in January. 
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 Read more: <a rel="" href="https://crypto.news/with-the-us-election-only-a-day-away-trump-harris-getting-closer-on-polymarket/"> With the US election only a day away, Trump, Harris getting closer on Polymarket </a>

Fairshake discloses $78m crypto donation war chest

crypto.news

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