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Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

Overall, Fairshake has raised more than $85 million to support leaders who endorse crypto and blockchain.

Di Amitoj Singh|Editor Parikshit Mishra
Aggiornato 8 mar 2024, 9:51 p.m. Pubblicato 21 feb 2024, 6:59 a.m. Tradotto da IA
Tyler and Cameron Winklevoss at TechCrunch Disrupt NY 2015 (TechCrunch/Wikimedia)
Tyler and Cameron Winklevoss at TechCrunch Disrupt NY 2015 (TechCrunch/Wikimedia)
  • The twins were initial investors in Fairshake.
  • Fairshake spent millions opposing California Senate Candidate Katie Porter.

Fairshake, a Super political action committee (PAC) that is backing crypto-friendly candidates, has now received funding of a total of $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, Bloomberg reported, citing the latest federal filings.

The Winklevoss twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin BTC$110,901.10 investors, were initial investors in Fairshake, revealed in the first announcement on Dec. 18, 2023. The Winklevoss' join a list of high-profile crypto investors backing the Super PAC, such as Andreessen Horowitz (a16z), ARK Invest, as well as crypto companies like Circle, Ripple, Coinbase (COIN) and more.

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Overall, Fairshake has raised more than $85 million to support leaders who endorse crypto and blockchain, according to OpenSecrets.org. It has also spent millions opposing California Senate Candidate Katie Porter.

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Super PACs are prohibited from sending money directly to political candidates and Fairshake has emerged as one of the most prominent campaign finance forces supporting crypto.

Read More: Fairshake Super PAC Raises $78M to Support Crypto Candidates in 2024 U.S. Election

RegulationsElection 2024Cameron WinklevossTyler WinklevossPAC

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Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters

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Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.

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