Fairshake Is Now the Biggest Super PAC in 2024 Election With Over $200 Million
Surpassing over $200 million in contributions, crypto super PAC Fairshake now stands as the wealthiest such entity ahead of the November 2024 presidential election, according to new Federal Election Commission data released on July 20.
This total, per FEC data, includes $160 million from individual contributions and $83 million in disbursements.
Fairshake’s rise as a financial heavyweight is deeply rooted in its mission within the crypto sphere.
Created by a handful of crypto companies in 2023, the PAC “supports candidates committed to securing the United States as the home to innovators building the next generation of the internet” while pushing for “a clearer regulatory and legal framework” for the blockchain sector.
Several key players in the crypto space have backed the digital asset-friendly PAC since its launch.
The cryptocurrency industry Super PAC Fairshake is now #1 out of all Super PACs by total funds raised.
They've raised more than $175 million to influence upcoming elections in the US, and have more than $100 million of it still waiting to deploy. pic.twitter.com/SBfMVzBS6G
— Molly White (@molly0xFFF) June 21, 2024
Most recently, Ripple donated $25 million to the war chest in May after having donated the same amount in 2023.
Meanwhile, Gemini co-founders Tyler and Cameron Winklevoss (better known as the Winklevoss twins) have each reportedly given $250,000 to the digital asset PAC.
This surge in crypto-backed political activity coincides with a growing trend of Silicon Valley leaders shifting their support rightward ahead of the 2024 election.
Part 1
Here is a contrary opinion on the emergence of Silicon Valley support for former President Trump. Which like all my opinions on here, probably won’t be popular.
It’s a
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