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[ENTITY FILE] SUBJECT-29189 INSTITUTION ACTIVE
FA
// Subject

Fairshake‍‌‌‌​‍‌‍‌‌​‍​‍‌‌​​‍‌​

Super-PAC funded by crypto industry to influence congressional races
Tracked Crypto industry's flagship federal political vehicle. Spent in excess of $135M in the 2024 cycle, the largest single-issue corporate-funded PAC effort of the cycle. Routes funds through affiliates Protect Progress (Democratic-leaning) and Defend American Jobs (Republican-leaning).
// Editorial summary — AI-generated from public records

Fairshake is a federal super-PAC launched in late 2023, funded primarily by Coinbase, Ripple, and Andreessen Horowitz to support pro-crypto candidates in U.S. House and Senate primaries and general elections.

Facts on record17
Connections mapped6
Sources cited0
View on Graph → Export CSV ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
[PUBLIC COST ESTIMATE]
At least $45.0M in documented public funds flow through entities connected to this profile, while 1 elected official holds documented connections.
$45.0MContract Value
1Money Chains
5Traced Hops
Connected Officials
Calculation Methodology

Contract values are summed from documented money flow chains where this entity appears as a source or destination node. Amounts are drawn from USASpending.gov, FEC filings, SEC EDGAR, or LD-2 lobbying registrations.

Donor contributions aggregate documented amounts from the donor_interests table, sourced from FEC individual and PAC contribution filings.

Connected officials are elected officials in our database with a mapped relationship (lobbying, board membership, campaign contribution, etc.) to this entity.

Annualised flow represents the total documented dollar amount traced through money flow hops involving this entity. Where hop-level amounts are unavailable, the chain-level documented total is used as a conservative upper bound.

All figures are drawn from public filings. Estimates are conservative — undisclosed transactions, dark money, and vanish-point hops are excluded from totals. This is a minimum documented floor, not a ceiling.

PATTERN institution → [supporter-beneficiary] → elected official 3× PATTERN elected official → [supporter-beneficiary] → institution 3×
Connection Map
Key Connections
← Entity #29188
donor
Coinbase is among the largest corporate donors to the Fairshake super-PAC.
→ Entity #29190
affiliate
Protect Progress is an affiliate PAC in the Fairshake network.
→ Entity #29191
affiliate
Defend American Jobs is an affiliate PAC in the Fairshake network.
Facts (17)
Data Freshness
Fresh Last update: 4d ago · Avg age: 4d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (2)
These facts have been cross-referenced and confirmed against their source material.
Verified Pending Review Evidence gap: The pass-through accounting between corporate donor wires and the aff‍‌‌‌​‍‌‍‌‌​‍​‍‌‌​​‍‌​iliate-PAC outlays they ultimately funded is not separately reported in FEC filings.
Added: 03 May 2026
Verified Pending Review Evidence gap: Internal allocation decisions between Fairshake and its affiliates Protect Progress and Def‍‌‌‌​‍‌‍‌‌​‍​‍‌‌​​‍‌​end American Jobs are not separately disclosed; cross-PAC transfers obscure the unified strategic control.
Added: 03 May 2026
Raw Filing Records (15) — unsourced metadata
Pending Review The Fairshake network has provided $63.4 million to Protect Progress and $55.5 millio‍‌‌‌​‍‌‍‌‌​‍​‍‌‌​​‍‌​n to Defend American Jobs in direct transfers since its inception through early 2026.
Date: 2026-03-23 Added: 03 May 2026
Pending Review On May 2, 2026, Coinbase Chief Policy Officer Faryar Shirzad confirmed that a bipartisan compromise on stablecoin yield (the Tillis-Alsobrooks deal) had cleared a 'key obstacle' for the CLARITY Act's Senate markup.
Date: 2026-05-02 Added: 03 May 2026
Pending Review Fairshake reported a cash-on-hand balance of $191 million as of March 31, 2026, entering the midterm cycle with the largest single-industry war chest in U.S. history.
Date: 2026-03-31 Added: 03 May 2026
Pending Review In the March 2026 Illinois primary, Fairshake and its affiliates spent approximately $14.3 million across House and Senate races, with preferred candidates losing in both high-profile contests against Juliana Stratton and La Shawn Ford.
Date: 2026-03-17 Added: 03 May 2026
Pending Review As of March 31, 2026, Fairshake reported a cash-on-hand balance of $191 million, positioning it as the largest single-industry Super PAC in U.S. history entering a midterm cycle.
Date: 2026-03-31 Added: 03 May 2026
Pending Review Fairshake’s spokesperson, Josh Vlasto, explicitly identified the Digital Asset Market Clarity Act of 2025 (CLARITY Act) as a 'key issue' driving the committee's 2026 midterm strategy in March 2026.
Date: 2026-03-12 Added: 03 May 2026
Pending Review Fairshake spent nearly $10 million in the March 2026 Illinois Democratic Senate primary to oppose Lt. Gov. Juliana Stratton, marking the largest single crypto-PAC expenditure of the 2026 cycle to date.
Date: 2026-03-17 Added: 03 May 2026
Pending Review Fairshake has provided $63.4 million to Protect Progress and $55.5 million to Defend American Jobs in direct committee transfers since its inception through early 2026.
Date: 2026-03-23 Added: 03 May 2026
Pending Review As of March 31, 2026, Fairshake reported $191 million in cash on hand, making it the largest single-industry Super PAC entering the 2026 midterm cycle.
Date: 2026-03-31 Added: 03 May 2026
Pending Review Fairshake's spending in the Ohio Democratic Senate primary (Sherrod Brown's seat) made it the single largest outside spender on a 2024 Senate primary contest.
Date: 2024 Added: 03 May 2026
Pending Review Fairshake is registered with the FEC as committee C00835959 and reports under the super-PAC (independent-expenditure-only) regime.
Date: 2023 Added: 03 May 2026
Pending Review Evidence gap: Fairshake's strategy memos identifying which votes (FIT21, GENIUS Act, SAB 121) were treated as litmus tests for endorsement are not in the public record.
Added: 03 May 2026
Pending Review Coinbase, Ripple Labs, and Andreessen Horowitz are documented as the three largest funders of Fairshake during the 2023-2024 cycle.
Date: 2024 Added: 03 May 2026
Pending Review Fairshake's primary-cycle spending was concentrated in races where the candidate's stance on crypto market-structure or stablecoin legislation differentiated them from a primary opponent.
Date: 2024 Added: 03 May 2026
Pending Review Fairshake and its affiliates Protect Progress and Defend American Jobs spent in excess of $135 million on federal races during the 2024 cycle.
Date: 2024 Added: 03 May 2026
All Connections (6)
→ Entity #29190
affiliate primary since 2024
Protect Progress is an affiliate PAC in the Fairshake network.
→ Entity #29191
affiliate primary since 2024
Defend American Jobs is an affiliate PAC in the Fairshake network.
← Entity #29188
donor primary since 2023
Coinbase is among the largest corporate donors to the Fairshake super-PAC.
← Entity #9296
supporter-beneficiary secondary since 2024
Fairshake-network PACs supported Senator Lummis as a lead Senate champion of crypto-friendly stablecoin legislation.
← Entity #9283
supporter-beneficiary secondary since 2024
Hagerty, lead Senate sponsor of the GENIUS Act, was a documented beneficiary of Fairshake-network spending in 2024.
← Entity #1127
supporter-beneficiary secondary since 2024
Gillibrand, co-sponsor of the Lummis–Gillibrand stablecoin frameworks, has received support and engagement from Fairshake-affiliated PACs.
Money Flows Passing Through (1)
Documented payment chains where this entity appears as a source, hop, or vanish point. All chains →
active 7 hops ⚠ 1 vanish USD 45000000.00
Coinbase corporate treasury → Fairshake super-PAC → Senate crypto winners → GENIUS Act
Sources (0)
No sources.