Crypto Exchanges
By Evie Vavasseur
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What happened. Fairshake, the crypto-backed political action committee funded primarily by Coinbase and Ripple…
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The historical context. Crypto going hard into electoral politics isn't exactly new territory — but the scale is getting…
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Why it matters. There are two things happening here at once. First, the crypto industry isn't just reacting to…
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What to watch. A few things worth tracking as the 2026 cycle heats up.
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Fairshake, the crypto-backed political action committee funded primarily by Coinbase and Ripple Labs, is putting $30 million into Ohio to stop Sherrod Brown from winning back his…
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Fairshake isn't operating alone. It's part of a wider network of crypto-aligned groups that collectively spent over $300 million during the previous election cycle.
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What's different now is that crypto isn't just lobbying Congress from the outside. It's trying to pick who sits in Congress.
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Brown, for his part, has been one of the more vocal critics of how crypto companies have handled regulatory compliance.
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There are two things happening here at once. First, the crypto industry isn't just reacting to regulation anymore — it's trying to get ahead of it by shaping who writes it.
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See also: Crypto Group Mobilizes $30 Million to Oust Sherrod Brown Over Regulatory Push
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Second, Sherrod Brown's political vulnerability is now basically a proxy for how much financial influence crypto can actually buy in a swing state. Ohio isn't a deep-red state.
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And Fairshake clearly believes it can move it. The PAC's willingness to go back to the same race a second time, with even more at stake, says something about its confidence in…
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Watch the crypto-related bills moving through Congress between now and the midterms. A spike in crypto-friendly legislation — or a sudden slowdown in regulatory crackdowns —…
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See also: Trump Unveils Ambiguous AI Force Plans, Calls for High-IQ AI Czar Applicants
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Watch Fairshake's spending. The $30 million announcement is the opening number. If the PAC pushes past that figure as the race tightens, it probably means internal polling is…
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