PANews reported on January 29th that Fairshake, a cryptocurrency political action committee backed by Coinbase, a16z, and Ripple, announced it has reserved over $193 million for the November 2026 midterm elections. This funding includes a $25 million donation from Coinbase in 2025, and recent donations of $25 million and $24 million from Ripple and a16z, respectively. Fairshake stated that as the midterm elections approach, it will continue to oppose politicians with anti-crypto policies and support leaders who support the crypto industry. The organization played a key role in last year's election season, investing tens of millions of dollars to support pro-crypto candidates.