Crypto PAC Shifts $85M War Chest to Tilt Key Senate Races

• After spending $10 million to defeat a Democratic Senate candidate in California, the crypto super PAC Fairshake will now focus efforts on 4 other key Senate races.

• Fairshake has raised over $85 million to date from major crypto players like Coinbase, Ripple Labs, and Andreessen Horowitz.

• The PAC will spend on ads for Senate general elections in Ohio and Montana, and Senate Democratic primaries in Maryland and Michigan.

• Fairshake hopes to support sufficiently pro-crypto candidates that can help create crypto regulations if they win.

• With Democrats holding a narrow Senate majority, Fairshake sees these races as opportunities to tip the balance of power to favor the crypto industry.