Pro-crypto super PAC Fairshake received $4.9 million from Gemini cofounders Tyler and Cameron Winklevoss

Quick Take

  • Fairshake, a pro-crypto super PAC, has received $4.9 million in funding from Cameron and Tyler Winklevoss.
  • Other funders include Andreessen Horowitz, ARK Invest, Circle, Ripple Labs, Coinbase, Payward, Electric Capital Partners, Blockchain Capital and Jump Crypto.

Super political action committee Fairshake — which supports political leaders that endorse blockchain technology and cryptocurrencies — has received a total of $4.9 million in funding from Gemini cofounders Cameron Winklevoss and Tyler Winklevoss.

Bloomberg first reported the news, citing federal filings that show the brothers donated $2.45 million each.

The filings also indicate that Fairshake had $72.8 million in cash on hand at the time of their reporting.

The Winklevoss' initial involvement in Fairshake was first announced on Dec. 18, 2023. The twins sit alongside Andreessen Horowitz, ARK Invest, Circle, Ripple Labs, Coinbase, Payward, Electric Capital Partners, Blockchain Capital, Jump Crypto and others as funders of the super PAC — which has raised over $85 million to date, making it one of the largest pro-crypto campaign financers.

Fairshake's highest-profile political play thus far has been its opposition to anti-crypto California Senate candidate Katie Porter.

The 2024 election in the United States will occur in November of this year.


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].

Editor

To contact the editor of this story:
Timmy Shen at
[email protected]