Fairshake

Fairshake registered on March 23, 2023, under committee ID C00835959. The FEC classifies it as a monthly-filing, independent-expenditure-only super PAC. Its support activities are separate from candidates’ campaign committees.⁠[1][2]

Fairshake and its affiliates announced $78 million raised and held for the 2024 congressional elections. Listed supporters included Coinbase, RippleRippleRipple is an American fintech company, legally named Ripple Labs Inc., that provides banks, payment providers, funds, and businesses with blockchain- and digital asset-based cross-border payments, digital asset custody, a U.S. dollar stablecoin, prime brokerage, and corporate treasury management services. Its business makes extensive use of the public XRP Ledger blockchain and its native token XRP, but neither is the same as the company itself; from 2020 to 2025, the company fought a nearly five-year legal battle with the U.S. Securities and Exchange Commission over whether its XRP sales were unregistered securities offerings.Open the full entry, Andreessen Horowitz, Circle, Kraken, Paradigm and individual entrepreneurs and investors. The figure covered the network of committees.⁠[3]

In a May 2024 update, a16z disclosed another $25 million, bringing its contributions to Fairshake and related committees to $47 million. An August clarification warned that ownership memo entries must not be counted again as separate personal donations by the firm’s founders.⁠[4]

For the 2023–2024 cycle, FEC summaries show approximately $260.1 million in receipts, $195.8 million in disbursements and $64.2 million in ending cash for Fairshake itself. Disbursements included about $40.7 million in independent expenditures and $86.25 million transferred to affiliates; the total was not entirely advertising spending.⁠[5]

Regular-report summaries through August 31, 2026 show about $137.9 million in cycle receipts, $93.9 million in disbursements and $108.3 million in ending cash. Transfers to affiliates totaled $70 million and independent expenditures about $13.3 million. These period-specific committee figures are distinct from network-wide balances.⁠[1]

Fairshake and its affiliates announced support for 32 House incumbents: 19 Republicans and 13 Democrats. Six were allocated $1 million each in planned outside spending, totaling at least $6 million; amounts for the other 26 were not disclosed.⁠[6]

The six were Democrats Janelle Bynum, Steven Horsford and Derek Tran, and Republicans French Hill, Bryan Steil and Bill Huizenga. Spokesperson Geoff VetterGeoff VetterGeoff Vetter is a U.S. public-affairs and strategic-communications professional and senior vice president at CLYDE. He served as spokesperson for California’s Yes on Proposition 22 campaign and has represented Fairshake in statements about crypto policy and electoral support.Open the full entry said support reflected positions on crypto policy rather than party affiliation.⁠[6]

Protect Progress and Defend American Jobs are separately registered affiliated super PACs. Fairshake supports candidates through independent activity; FEC-listed independent expenditures are not donations paid directly to candidates. Network totals require distinguishing intercommittee transfers from final spending.⁠[3][1]

Website: https://www.fairshakepac.com/ (opens in a new window). FEC record: https://www.fec.gov/data/committee/C00835959/ (opens in a new window).⁠[2][1]