The funding represented a 37% increase in Fairshake’s cash on hand since it last disclosed its holdings in July 2025. Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill. Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday holding $193 million in cash on hand ahead of this year’s US midterm elections. In an announcement shared with Cointelegraph, Fairshake spokesperson Josh Vlasto said the PAC had received $25 million from Ripple Labs and $24 million from a16z in addition to a $25 million contribution from cryptocurrency exchange Coinbase in 2025. According to Vlasto, these donations contributed to Fairshake having more than $193 million in cash on hand as of January, about a 37% increase since it last disclosed its holdings in July. At the time of publication, the $193 million figure was not publicly avai...