Fairshake Network Holds More Than $95 Million as U.S. Midterms Near

Fairshake and two affiliated political committees held more than $95 million at the end of September, leaving the crypto-backed network with money available for the 2026 U.S. midterm elections.

The total covers Fairshake, Defend American Jobs and Protect Progress. The groups support candidates from both major parties who favor crypto industry policies. Coinbase, Ripple and Andreessen Horowitz are major backers of Fairshake.

The balance does not establish how much the committees will spend before this election. They could retain some of the money for the 2028 election cycle.

In Ohio’s Senate race, Defend American Jobs has spent $46.6 million on media advertising supporting Republican Sen. Jon Husted and opposing former Sen. Sherrod Brown. That exceeds Fairshake’s initial $30 million plan for the race. The $30 million was a planned amount, not an earlier spending total.

The affiliate’s media spending has grown since a Sept. 24 filing put it at $11.4 million. Fairshake announced its initial Ohio plan after the Senate’s Sept. 15 failure to advance H.R. 3633, the Digital Asset Market Clarity Act. The Senate voted 49-50 against cloture on the motion to proceed.

Fairshake has also identified 32 incumbent House candidates for support. It plans to spend $1 million each on six of them, a total of $6 million. It has disclosed no dollar amounts for the other 26 or a timetable for carrying out the six plans.

Fairshake is an independent-expenditure-only super PAC. Its political communications are separate from candidates’ campaigns and are not coordinated with candidates or political parties. That spending does not go directly into campaign accounts.

Fairshake alone held $108.3 million in cash at the end of August. That earlier figure covered one committee, while the latest balance covers three committees at the end of September. The two figures therefore describe different groups and reporting periods.