%%title%% %%page%%

Crypto Super PAC’s Influence in the 2024 Elections


133 Listen to this article A new crypto-focused super PAC, Fairshake, is emerging as a significant player in the 2024 […]

Latest News

Listen to this article

A new crypto-focused super PAC, Fairshake, is emerging as a significant player in the 2024 U.S. elections. Backed in part by Brian Armstrong, CEO of Coinbase, the super PAC has already invested over $1.2 million in television ads supporting various House candidates. This move comes at a critical time for the crypto industry in the U.S., which is close to seeing landmark legislation on digital assets and faces scrutiny over various issues, including the use of digital currency in terror financing.

Fairshake has supported 13 incumbent lawmakers from both major political parties, particularly those on the House Financial Services and Agriculture committees, who have advanced pro-crypto legislation. Notably, the PAC has backed figures like House Financial Services Chair Patrick McHenry and Reps. Dusty Johnson and Josh Gottheimer. The group’s ads, while not explicitly focusing on crypto regulation, subtly reference the role of lawmakers in attracting future-oriented jobs and building the next generation of the internet, a nod to the crypto industry.

The group’s strategy includes backing candidates in key swing districts and is expected to extend its support to more pro-crypto candidates, potentially in the Senate as well. This involvement by Fairshake is part of a broader engagement by the crypto industry in the 2024 election, with other super PACs like those affiliated with the Blockchain Innovation Project also gearing up to support candidates.

Coinbase’s spokesperson Julia Krieger emphasized the significance of crypto jobs and innovation in the upcoming elections, indicating that the company will actively inform the public about candidates’ stances on crypto-related changes.

Read Also:  Uniswap launches New Android Wallet with Swap Feature


What is Fairshake, and what is its goal?

Fairshake is a crypto-focused super PAC, investing in ads to support House candidates who are favorable to the crypto industry, with a broader goal of influencing the 2024 elections​​.

Who are some of the key lawmakers supported by Fairshake?

Fairshake has supported lawmakers like Patrick McHenry, Dusty Johnson, and Josh Gottheimer, who have been involved in advancing crypto-friendly legislation​​​​.

How does Fairshake’s strategy reflect its crypto focus?

While its ads don’t focus explicitly on crypto regulation, they emphasize the lawmakers’ contributions to future-oriented jobs and the digital economy, indirectly supporting the crypto industry​​​​.

What is the significance of this super PAC in the context of the 2024 elections?

Fairshake represents a strategic effort by the crypto industry to influence U.S. policy and legislation in favor of digital assets and blockchain technology, reflecting the growing political influence of the crypto sector​​​​.

You Might Also Like

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

Would love your thoughts, please comment.x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase