# Coinbase-Backed Fairshake PAC Has $193M Heading into Midterms

*Author: David Christopher*
*Published: Jan 29, 2026*
*Source: https://www.bankless.com/read/news/fairshake-pac-has-193m-for-2026-midterms-backed-by-coinbase*

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Fairshake, the crypto-focused super PAC backed by Coinbase and Andreessen Horowitz, announced it has [$193M in cash](https://www.theblock.co/post/387514/crypto-pac-fairshake-amasses-war-chest-ahead-november-midterms) on hand heading into the 2026 midterm elections.

### **What's the Scoop?**
- **Mission:** "With the midterms approaching, we are united behind our mission with Fairshake continuing to oppose anti-crypto politicians and support pro-crypto leaders," the PAC said in a statement Wednesday.
- **Track Record:** Fairshake and affiliated super PAC Defend American Jobs spent $40M backing Bernie Moreno (R-OH) in his successful Senate race against crypto critic Sherrod Brown (D-OH) last November.
- **Legislative Context:** Senate crypto legislation has stalled over the past month. The Senate Banking Committee postponed a hearing after Coinbase pulled its support, citing concerns around tokenized equities and stablecoin rewards. A White House meeting on stablecoin yield treatment is scheduled for Monday.

### **Bankless Take:**
Crypto money has proven to be a powerful factor in fueling campaigns over recent years — a dynamic which looks here to stay. With this political landscape, we’ll likely see industry funds spread wide across the aisle given that, with [Democrats favored to take the House](https://polymarket.com/event/which-party-will-win-the-house-in-2026) and [Republicans holding the Senate](https://polymarket.com/event/which-party-will-win-the-senate-in-2026), crypto legislation will require genuine bipartisan support to move forward. It’s a harder sell now than it was a year ago, too. The Trump family's high-profile crypto profits have given critics ammunition to paint digital assets as a partisan issue, and the industry will need to actively counter that narrative.