Fairshake (Crypto industry) spent $41M on independent expenditures in the 2024 federal elections, and 66% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($31M won, $9.4M lost).
Outside spending
$41M
On the winning side
77%
$31M
On the losing side
$9.4M
Supporting vs attacking
67% / 33%
$27M for, $14M against
Google says Fairshake also spent $322K on Google and YouTube ads this cycle (1% of its FEC-reported outside spending). All ad buyers →
Follow the money
Who filled the envelope
Fairshake reported $174M in gifts from people, companies, nonprofits and other PACs. The biggest are below.
- CoinbaseCompany$68M (39%)
- Ripple Labs Inc.Company$45M (26%)
- Coinbase Commerce (Exchange)Company / nonprofit$25M (14%)
- Jump CryptoCompany / nonprofit$25M (14%)
- Tyler WinklevossIndividual$2.5M (1%)
- Cameron WinklevossIndividual$2.5M (1%)
- Circle Internet FinancialCompany / nonprofit$1.0M (1%)
- Payward, Inc.Company / nonprofit$1.0M (1%)
- Brian David ArmstrongIndividual$1.0M (1%)
- Phil PotterIndividual$998K (1%)
Where the money went
Biggest targets, with whether each one paid off.
✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched
| Candidate | Race | Spending | Amount | Paid off? |
|---|---|---|---|---|
| Katherine Porter | California Senate (primary) | Attacking | $10M | ✓ Yes |
| Michelle Steel | California 45th District | Supporting | $2.8M | ✗ No |
| Don Davis | North Carolina 1st District | Supporting | $2.2M | ✓ Yes |
| Yadira Caraveo | Colorado 8th District | Supporting | $2.2M | ✗ No |
| Jamaal Bowman | New York 16th District (primary) | Attacking | $2.1M | ✓ Yes |
| Pat Ryan | New York 18th District | Supporting | $2.0M | ✓ Yes |
| Mary S. Peltola | Alaska at-large House seat | Supporting | $1.9M | ✗ No |
| Young Kim | California 40th District | Supporting | $1.8M | ✓ Yes |
| Steven Horsford | Nevada 4th District | Supporting | $1.7M | ✓ Yes |
| Juan Ciscomani | Arizona 6th District | Supporting | $1.6M | ✓ Yes |
| Lori Chavez-DeRemer | Oregon 5th District | Supporting | $1.5M | ✗ No |
| Cori Bush | Missouri 1st District (primary) | Attacking | $1.4M | ✓ Yes |
Questions people ask
- How much did Fairshake spend in 2024, and did it win?
- Fairshake (Crypto industry) spent $41M on independent expenditures in the 2024 federal elections, and 66% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($31M won, $9.4M lost).
- Who funds Fairshake?
- Its biggest reported donors in the 2024 cycle were Coinbase ($68M), Ripple Labs Inc. ($45M), Coinbase Commerce (Exchange) ($25M), Jump Crypto ($25M), Tyler Winklevoss ($2.5M), out of $174M received from donors tracked here.
- Which candidates did Fairshake spend the most on in 2024?
- against Katherine Porter (California Senate, $10M, won); for Michelle Steel (California 45th District, $2.8M, lost); for Don Davis (North Carolina 1st District, $2.2M, won).