Fairshake
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No. 20 in outside spending in 2026
About
A crypto-industry super PAC funded mainly by Coinbase, Ripple and Andreessen Horowitz founders. By mid-2024 it had raised over $202 million, more than any other super PAC at that point, and it spent about $10 million against Rep. Katie Porter's California Senate bid. (Cointelegraph (OpenSecrets data))
Fairshake is a Super PAC connected to Protect Progress, based in St. Paul, MN, and registered with the FEC in 2023. In 2026 it raised $138.2M, spent $19.4M on ads and other outreach for or against candidates.
- Type
- Super PAC
- Connected organization
- Protect Progress
- Based in
- St. Paul, MN
- Treasurer
- Brandon Philipczyk
- Registered with the FEC
- March 23, 2023
- FEC id
- C00835959 ↗
Foreign ties
No foreign tie is documented for this committee. We look for two things: whether a connected company is owned by a foreign parent, and whether the group or its leaders are registered as agents of a foreign government or entity (FARA). No U.S. committee can be a foreign country or take money from one.
Who funds it
Its biggest itemized sources of money in 2026, from its FEC reports. Gifts from individual people are added into one line; we don't publish private people's names.
| Source | Kind | Amount | Gifts |
|---|---|---|---|
| Coinbase | Company, union or group | $140.0M | 8 |
| Ripple Labs Inc. | Company, union or group | $48.0M | 2 |
| Coinbase Commerce (Exchange) | Company, union or group | $27.5M | 5 |
| Individual people (combined) | People | $24.1M | 6 |
| Ah Capital Management | Company, union or group | $23.8M | 1 |
| Amalgamated Bank | Company, union or group | $11.1M | 38 |
| Digital Currency Group, Inc. | Company, union or group | $1.0M | 1 |
| Universal Navigation Inc., DBA Uniswap Labs | Company, union or group | $1000K | 1 |
| Targeted Platform Media | Company, union or group | $189K | 2 |
| Main Street Media Group | Company, union or group | $28K | 1 |
| Solana Policy Institute | Company, union or group | $10K | 1 |
| Aersf | Company, union or group | $2K | 1 |
Only gifts over $200 are itemized in reports; this list adds up the largest. All its receipts at the FEC ↗
By cycle
- Raised
- Spent
View the data as a table
| Cycle | Raised | Spent | Independent spending | To candidates |
|---|---|---|---|---|
| 2024 | $260.1M | $195.8M | $40.7M | $0 |
| 2026 | $138.2M | $169.5M | $19.4M | $0 |
In 2026, in the races we could match: $0 for Democrats, $12.5M against Democrats, $0 for Republicans and $0 against Republicans.
Who it spent for and against in 2026
| Candidate | For / against | Spent | Result |
|---|---|---|---|
| Juliana Stratton (D-IL) | Against | $10.0M | won |
| La Shawn K Ford (D-IL) | Against | $2.5M | won |
| Robert James Peters | Against | $817K |
In 2024
| Candidate | For / against | Spent | Result |
|---|---|---|---|
| Katherine Porter | Against | $10.0M | |
| Michelle Steel | For | $2.8M | |
| Yadira Caraveo | For | $2.3M | |
| Jamaal Bowman | Against | $2.1M | |
| Patrick Ryan | For | $2.0M | |
| Mary Peltola | For | $1.9M | |
| Young Kim | For | $1.9M | |
| Steven Alexzander Horsford | For | $1.8M | |
| Juan Ciscomani | For | $1.6M | |
| Lori Chavez-Deremer | For | $1.5M | |
| Cori Bush | Against | $1.4M | |
| David Valadao | For | $1.3M | |
| Michael Garcia | For | $1.0M | |
| Zach Nunn | For | $999K | |
| Angela Dawn Craig | For | $974K | |
| Thomas Suozzi | For | $902K | |
| Eric Sorensen | For | $817K | |
| Monica De La Cruz | For | $813K | |
| Bryan George Steil | For | $764K | |
| Nikki Budzinski | For | $582K | |
| Patrick Timothy Mchenry | For | $127K | |
| Dusty Johnson | For | $125K | |
| Josh Gottheimer | For | $123K | |
| Thomas Earl Emmer Jr | For | $118K | |
| Wiley Nickel | For | $116K | |
| Brittany Louise Pettersen | For | $88K | |
| Ritchie John Torres | For | $63K | |
| Gregory W. Meeks | For | $46K |
Its biggest direct contributions (2026)
- Defend American Jobs — $37.0M
- Protect Progress — $33.0M
The law: foreign money and PACs
- Foreign nationals (foreign governments, foreign companies, and people who aren't citizens or green-card holders) can't give or spend in any U.S. election, directly or through others, or make a PAC's decisions. FEC ↗ (52 U.S.C. 30121)
- A U.S. subsidiary of a foreign company may have a PAC, as long as only its U.S. employees fund it and only U.S. persons run it.
- A company or union PAC is funded by voluntary gifts from employees or members; the company may only pay its running costs. A super PAC can take unlimited money from companies, unions and people, but can't coordinate with candidates.
- Anyone who lobbies or does political work in the U.S. for a foreign government or entity must register under the Foreign Agents Registration Act (FARA). Justice Department ↗
All campaign money → · Its FEC filings ↗ · Money in politics
Source: FEC API. "For / against" is independent spending (ads, mail, calls) reported to the FEC; results come from our 2026 data. A backed candidate winning doesn't prove the spending decided the race. Updated: Nov 8, 12:57 AM ET.
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