Cryptocurrency companies are investing heavily in politics, with the Fairshake Political Action Committee (PAC) raising a staggering $160 million in May.
Crypto Giants Back Fairshake
Major crypto players like Ripple, Coinbase, and Andreessen Horowitz are among the donors to Fairshake. These companies are aiming to influence the outcome of the 2024 presidential election and other political races.
Bipartisan Focus
Fairshake will focus on supporting candidates for the House and Senate, regardless of party affiliation. The group aims to ensure that the interests of crypto enthusiasts are represented in Washington, D.C.
Coinbase’s Donation
Coinbase donated $25 million to Fairshake, demonstrating the company’s commitment to political involvement. Ripple and Andreessen Horowitz have also made significant contributions.
Leveling the Playing Field
Fairshake believes that the only way to keep politics out of crypto is to engage in the political process. By building a powerful political operation, the group aims to give crypto owners a voice in shaping the future of the industry.
