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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.
- 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.
STORY CONTINUES BELOW
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.
Read More: Fairshake Super PAC Raises $78M to Support Crypto Candidates in 2024 U.S. Election
Amitoj Singh
Amitoj Singh is a CoinDesk reporter focusing on regulation and the politics shaping the future of finance. He also presents shows for CoinDesk TV on occasion. He has previously contributed to various news organizations such as CNN, Al Jazeera, Business Insider and SBS Australia. Previously, he was Principal Anchor and News Editor at NDTV (New Delhi Television Ltd.), the go-to news network for Indians globally. Amitoj owns a marginal amount of Bitcoin and Ether below CoinDesk's disclosure threshold of $1,000.
