EddieJayonCrypto

 21 Feb 24

tl;dr

Fairshake, a Super PAC supporting crypto-friendly candidates, has received $4.9 million in funding from billionaire twins Cameron Winklevoss and Tyler Winklevoss, who were initial investors in the organization. With support from high-profile crypto investors and companies, Fairshake has raised over...

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.

Read More: Fairshake Super PAC Raises $78M to Support Crypto Candidates in 2024 U.S. Election

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Sep 24
 20 Sep 24
 20 Sep 24