As per the latest federal filings submitted to the Federal Election Commission, Fairshake, the crypto super political action committee (PAC), has managed to secure a notable $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss.
In the past, the super PAC has raised funds from venture capitalists like Marc Andreessen and Ben Horowitz. Fairshake raised an additional $6.3 million last month in January from crypto firms like Coinbase Global Inc. and Ripple Labs.
Can Crypto Super PACs Influence 2024 Elections?
Entering February 2023, the super PAC boasted a hefty $85 million in cash reserves after spending just over $225,000 the previous month. Meanwhile, two affiliated super PACs, Protect Progress and Defend American Jobs PAC, experienced minimal activity, raising no funds and making only minor expenditures. Together, they closed January with a combined $8 million in cash on hand.
Fairshake’s mission revolves around influencing regulatory decisions by backing pro-c
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