#fairshake

➤ Crypto-aligned Political Action Committees (PACs) have significantly influenced state primaries by financing targeted media buys for pro-crypto candidates. ➤ Groups like Fairshake, backed by major crypto firms, have deployed substantial funds to support candidates promising clearer regulations and industry-friendly stances. ➤ This trend indicates a growing political influence of the crypto industry in shaping election outcomes and future policy development in the United States.

➤ Cryptocurrency industry PACs are making significant media buys, spending $3 million in California and planning another $3 million for a Maryland race. ➤ These PACs, backed by major crypto firms, aim to influence US elections by supporting pro-crypto candidates and opposing those seen as 'anti-crypto'. ➤ The spending highlights the growing political engagement of the crypto industry, particularly concerning upcoming legislative debates like the CLARITY Act.

➤ Christian Menefee, backed by pro-crypto PACs like Fairshake, has defeated incumbent Al Green in a Texas Democratic primary runoff. ➤ The race was framed as a test of crypto political power, with significant spending by Fairshake supporting Menefee's pro-crypto stance and opposing Green's anti-crypto votes. ➤ Menefee's victory highlights the growing influence of crypto funding in political races and signals potential shifts in crypto policy discussions within the Democratic party.

➤ Coinbase is investing heavily in political campaigns through a super PAC called Fairshake to influence U.S. digital asset regulation. ➤ This strategy aims to create a clearer regulatory environment for tokenization, stablecoins, and trading rules, reducing policy uncertainty. ➤ The political spending introduces elevated regulatory and political risk, with potential impacts on Coinbase's earnings and competitive positioning.

➤ Pro-crypto Democrat Christian Menefee defeated incumbent Al Green in a Texas primary runoff, heavily supported by crypto super PACs. ➤ Menefee advocates for blockchain's potential, while Green was a vocal critic who opposed key crypto legislation. ➤ This election outcome highlights the growing influence of crypto-focused political action committees in shaping electoral results.

➤ Coinbase and CEO Brian Armstrong have donated $25.5 million to Fairshake, a political action committee influencing US elections. ➤ This significant contribution highlights the crypto industry's aggressive and coordinated strategy to shape favorable digital asset regulation in the US. ➤ The funds will support pro-crypto candidates and oppose those seen as hostile to the industry, aiming to define the regulatory landscape for the next decade.

➤ Crypto PAC Protect Progress has invested $5 million in a Texas congressional runoff, backing Christian Menefee against incumbent Al Green. ➤ Al Green is targeted due to his opposition to crypto-friendly legislation like the GENIUS Act and Clarity Act, receiving an 'F' grade from Stand With Crypto. ➤ This significant PAC spending is seen as a test of pro-crypto influence on congressional races and broader crypto policy institutionalization.

➤ A recent poll indicates significant public distrust towards cryptocurrency (45% deem it too risky) and artificial intelligence (44% believe it's developing too fast). ➤ Despite substantial political spending exceeding $100 million by pro-crypto and pro-AI PACs in the 2026 midterms, public awareness and trust in these industries remain low. ➤ The findings highlight a potential political liability for candidates associated with these sectors, especially concerning the passage of legislation like the Clarity Act, as voter skepticism could influence election outcomes.