Crypto-Backed PAC Spends $8.6M in Illinois Races ahead of US Midterms
The crypto-backed PAC Fairshake has spent $8.6 million in Illinois races ahead of the US midterm elections.Summary
Fairshake, a political action committee funded by crypto companies like Ripple Labs and Coinbase, has significantly increased its spending in Illinois congressional races, totaling about $8.6 million according to recent FEC filings. This spending includes funds used to oppose Illinois Lieutenant Governor Juliana Stratton's Senate bid and Illinois state representative La Shawn Ford's congressional run. An associated group, Protect Progress, also supported other candidates. Fairshake, which reported having $193 million in funds as of January, typically funds ads rather than direct campaign donations, aiming to "oppose anti-crypto politicians and support pro-crypto leaders" in the 2026 elections. The PAC has also been active in other states, such as spending $1.5 million opposing Texas Representative Al Green.
(Source：Cointelegraph)