{"id":19762,"date":"2026-05-07T02:39:17","date_gmt":"2026-05-07T02:39:17","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/07\/fairshake-and-ai-pacs-pour-100m-into-midterms\/"},"modified":"2026-05-07T02:39:17","modified_gmt":"2026-05-07T02:39:17","slug":"fairshake-and-ai-pacs-pour-100m-into-midterms","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/07\/fairshake-and-ai-pacs-pour-100m-into-midterms\/","title":{"rendered":"Fairshake and AI PACs pour $100m into midterms"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2022\/10\/Greenland_together_with_Top_Universities_and_Concordium_Blockchain_is_investigating_the_possibilities_of_a_blockchain-based_election_system_in_the_country.jpg\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.<\/p>\n<div id=\"cn-block-summary-block_1e9b12e9ed0aa832ba8f60d23fb66946\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.<\/li>\n<li>A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.<\/li>\n<li>Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, <a href=\"https:\/\/crypto.news\/ripple-coinbase-a16z-gemini-fuel-193m-fairshake-crypto-pac-push\/\">has spent<\/a> $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.<\/p>\n<p>The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want Congress to impose strict regulations or broad AI oversight. <\/p>\n<p>\u201cI do think if they see somebody is backed by crypto, that\u2019s always going to be a problem,\u201d former Ohio Representative Jim Renacci was quoted as saying.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Despite those distrust numbers, public awareness of both groups remains remarkably low. Only 3% of respondents recognised Fairshake, and just 9% had heard of Leading the Future. <\/p>\n<p>Political observers told Politico that backlash could be swift once voters make the connection between the spending and the industries behind it.<\/p>\n<p>The stakes for crypto legislation are direct. As crypto.news <a href=\"https:\/\/crypto.news\/crypto-market-midterms-may-kill-clarity-act\/\">reported<\/a>, if Democrats take either chamber in November, the CLARITY Act\u2019s passage odds are described as close to zero, with Senator Elizabeth Warren likely to take over the Senate Banking Committee chair. <\/p>\n<p>Fairshake\u2019s <a href=\"https:\/\/crypto.news\/solana-backed-crypto-pacs-sharpen-8m-attack-on-ohio-senate-race\/\">current<\/a> $193 million war chest is explicitly aimed at preventing that scenario. In 2024, a Fairshake-affiliated PAC <a href=\"https:\/\/crypto.news\/crypto-pac-to-spend-1-5m-to-unseat-rep-al-green\/\">spent<\/a> over $40 million helping unseat Ohio Senator Sherrod Brown, a longtime crypto critic who is now running again.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/fairshake-and-ai-pacs-pour-100m-into-midterms\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money. Summary Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19762"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19725"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19762"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}