Crypto industry players, including Coinbase, Ripple Labs, and Andreessen Horowitz, spent $169 million through the Fairshake political action committee (PAC) during the 2024 US electoral campaign to support pro-crypto candidates. The PAC sought to ensure that as many crypto-friendly politicians as possible were elected to Congress, so they could have a say in shaping favorable crypto regulations. The massive spending was made possible due to the Supreme Court's Citizens United decision in 2010, which allowed corporations to spend unlimited amounts on independent political advertising. The Fairshake PAC's success in getting their candidates elected has raised concerns about the influence of money in politics and the potential for other industries to follow suit. Critics argue that unlimited corporate spending poses a threat to democracy and undermines the interests of voters. However, Fairshake defenders argue that the industry's success was rooted in resonating arguments that resonated with Americans and aligned with where voters stood.



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