Republican

Major

Donald Trump

Major crypto players and tech giants are turning their attention to the 2026 midterm elections in the U.S. as it anticipates its next presidential announcement. The digital assets sector is backing pro-crypto super PAC Fairshake to influence the regulatory landscape for blockchain technology. Coinbase and Andreessen Horowitz are among the leading players backing Fairshake, which is now reportedly raising $78 million for lobbying efforts before Congress in 2026. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=Crypto+Giants+Fuel+Fairshake%27s+%2478M+Push+for+2026+Midterms+Amid+Presidential+Race" rel="nofollow noopener" target="_blank"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-53959 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D.jpeg" alt="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race = The Bit Journal" width="728" height="90" title="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race 48"></a> 
This flood of capital, <a href="https://www.cnbc.com/2024/11/04/coinbase-a16z-contribute-78-million-to-pro-crypto-pac-for-2026-election.html" rel="nofollow noopener" target="_blank">CNBC reports</a>, is part of a push to swing legislative outcomes in favour of digital asset innovation as lawmakers grapple with a rising blockchain presence in the U.S. financial system. Fairshake’s backers believe midterm elections, held two years into a presidential term, are an essential battleground for changing the shape of the U.S. Congress. It’s a midterm season, and the midterms are a prime opportunity for crypto-friendly legislation to see traction with key seats at stake. 
<h2 id="span-style-font-weight-400-coinbase-leads-with-25-million-commitment-to-fairshake-s-pro-crypto-mission-span">Coinbase Leads with $25 Million Commitment to Fairshake’s Pro-Crypto Mission</h2> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-66560 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/DALL·E-2024-11-05-02.33.06-A-dynamic-wide-image-showcasing-Coinbases-major-commitment-to-pro-crypto-lobbying.-The-foreground-displays-the-Coinbase-logo-prominently-alongside-a-.webp" alt="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race " width="1792" height="1024" title="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race 49"> 
Perhaps the biggest supporter of Fairshake is Coinbase, which has promised to give their man a whopping $25 million. Andreessen Horowitz’s crypto division, a16z crypto, which managing partner Chris Dixon announced earlier this month, joined with $23 million. They feel that these contributions will help convince policymakers that the way crypto is regulated may be at the precipice of changing in ways that could point to the next direction of crypto regulation. 
Combined, Fairshake has secured $170 million from crypto and blockchain-centric players, making it perhaps the largest source of political funding adhering to the rules. Created by over a dozen industry leaders, the Super PAC has spent about $135 million of this funding on digitally targeted campaigns aimed at legislators and state officials open to digital innovation.&nbsp; As such, Fairshake wants to take crypto’s voice to Congress and help amplify blockchain as a method of finance dressing up. 
U.S. campaign finance is becoming dominated by the crypto sector. Fairshake was among a host of crypto-aligned PACs that helped account for nearly half of all corporate donations for the 2024 general election cycle, according to reports. The fact that such a large chunk of money has been put behind this in order to shape policy outcomes and bring about better regulatory climate is impressive. 
Apart from Coinbase and Andreessen Horowitz, notably, other heavy hitters like Jump Crypto and Ripple have taken to bolster the funds Fairshake weaponizes. As the market for blockchain technology dislocates the traditional financial systems, Fairshake’s commitment to partnership with industry players in securing regulatory clarity and support for digital asset innovation is a deliberate way forward. 
<h2 id="strong-high-stakes-lobbying-push-as-presidential-election-grips-natio-strong">High-Stakes Lobbying Push as Presidential Election Grips Natio</h2> 
It’s an incredibly important fundraising and lobbying push, in turn, during what is perhaps one of the most hotly anticipated presidential elections of recent memory. At the time of the vote Republican Donald Trump was forecast to win 57.9 per cent of the vote, just ahead of Democrat Kamala Harris’s 42.3 per cent on the eve of the vote on prediction platform Polymarket. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-66562 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/DALL·E-2024-11-05-02.36.05-A-wide-angle-image-illustrating-the-complex-debate-over-blockchain-regulation-set-in-a-formal-conference-room-where-industry-experts-regulators-and.webp" alt="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race " width="1792" height="1024" title="Crypto Giants Fuel Fairshake's $78M Push for 2026 Midterms Amid Presidential Race 50"> 
Nevertheless, these numbers mirrored a tight race in national polls that hovered in the margin of error in swing states that would provide the decisive result. What the results of the presidential election to be declared no later than November 5 can mean for Fairshake’s influence depends directly on who won. Whether one side or the other wins, that could dramatically alter the rules of the road for digital asset policy: they differ on blockchain regulation.&nbsp; 
Meanwhile, the Polymarket cryptocurrency prediction market that soared alongside the spread of the meme culture saw $3.1 in volume as participants wagered on when Trump would lose his re-election bid. Fairshake’s 2026 pro-crypto initiatives get a boost if it delays results and the betting pool on Polymarket stays open until January’s inauguration. 
<h2 id="strong-conclusion-strong">Conclusion</h2> 
As crypto advocates intensify lobbying efforts, Fairshake’s robust support highlights the industry’s commitment to shaping favorable policy for digital assets in the U.S. With Silicon Valley and blockchain giants united, the 2026 midterms could mark a pivotal moment in advancing crypto-friendly legislation across Congress and state legislatures. 
Stay tuned to<a href="https://thebitjournal.com/"> TheBITJournal</a> and keep an eye on Crypto’s updates. Follow us on<a href="https://twitter.com/Thebitjournal_" rel="nofollow noopener" target="_blank"> Twitter</a> and<a href="https://www.linkedin.com/company/the-bit-journal/" rel="nofollow noopener" target="_blank"> LinkedIn</a>, and join our<a href="https://t.me/thebitjournal" rel="nofollow" target="_blank"> Telegram</a> channel to be instantly informed about breaking news!

Crypto Giants Fuel Fairshake’s $78M Push for 2026 Midterms Amid Presidential Race

Table of Contents

The Bit Journal

Other articles published on Nov 5, 2024

Binance and CZ Push Back: New Motion to Dismiss SEC Case Filed

3 Crypto Projects to Keep on Your Watchlist This November: DOGE, PEPE, XRP

PEPE Price Nears Key Support with Potential for Rebound or Drop

Singapore MAS Announces Plans to Boost Asset Tokenization in Finance

Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

XRP Unleashed Project Is Ready: Here’s When to Watch

Join our free newsletter for daily crypto updates!