← All outside spendersLoser All big donors →
Fairshake (Crypto industry) spent $19M on independent expenditures in the 2026 federal elections, and 84% of it helped Republicans (FEC filings through Oct 14, 2026). 6% of the money with a result ended up on the winning side ($817K won, $12M lost, with $6.1M in races still being counted).
Outside spending
$19M
On the winning side
6%
$817K
On the losing side
$12M
$6.1M still being counted
Supporting vs attacking
32% / 68%
$6.1M for, $13M against
Google says Fairshake also spent $256K 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 $84M in gifts from people, companies, nonprofits and other PACs. The biggest are below.
- Ripple Labs Inc.Company$48M (57%)
- CoinbaseCompany$25M (30%)
- Coinbase Commerce (Exchange)Company / nonprofit$8.2M (10%)
- Digital Currency Group, Inc.Company / nonprofit$1.0M (1%)
- Universal Navigation Inc., Dba Uniswap LabsCompany / nonprofit$1000K (1%)
- Robert LeshnerIndividual$300K (0%)
- Solana Policy InstituteCompany / nonprofit$10K (0%)
- Aaron GilbertIndividual$350 (0%)
- Michael MillerIndividual$350 (0%)
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 Race not called yet Result not matched
| Candidate | Race | Spending | Amount | Paid off? |
|---|---|---|---|---|
| Juliana Stratton | Illinois Senate (primary) | Attacking | $9.9M | ✗ No |
| La Shawn Ford | Illinois 7th District (primary) | Attacking | $2.5M | ✗ No |
| Bryan Steil | Wisconsin 1st District | Supporting | $1.0M | Counting |
| Janelle Bynum | Oregon 5th District | Supporting | $1.0M | Counting |
| French Hill | Arkansas 2nd District | Supporting | $1.0M | Counting |
| Bill Huizenga | Michigan 4th District | Supporting | $1.0M | Counting |
| Derek Tran | California 45th District | Supporting | $1.0M | Counting |
| Steven Horsford | Nevada 4th District | Supporting | $1.0M | Counting |
| Robert Peters | Illinois 2nd District (primary) | Attacking | $817K | ✓ Yes |
Questions people ask
- How much did Fairshake spend in 2026, and did it win?
- Fairshake (Crypto industry) spent $19M on independent expenditures in the 2026 federal elections, and 84% of it helped Republicans (FEC filings through Oct 14, 2026). 6% of the money with a result ended up on the winning side ($817K won, $12M lost, with $6.1M in races still being counted).
- Who funds Fairshake?
- Its biggest reported donors in the 2026 cycle were Ripple Labs Inc. ($48M), Coinbase ($25M), Coinbase Commerce (Exchange) ($8.2M), Digital Currency Group, Inc. ($1.0M), Universal Navigation Inc., Dba Uniswap Labs ($1000K), out of $84M received from donors tracked here.
- Which candidates did Fairshake spend the most on in 2026?
- against Juliana Stratton (Illinois Senate, $9.9M, lost); against La Shawn Ford (Illinois 7th District, $2.5M, lost); for Bryan Steil (Wisconsin 1st District, $1.0M, pending).