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.

AccessTimeIconFeb 21, 2024 at 6:59 a.m. UTC
Updated Mar 8, 2024 at 9:51 p.m. UTC
  • 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}} 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.

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.

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.

Edited by Parikshit Mishra.

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Amitoj Singh

Amitoj Singh is a CoinDesk reporter.