Crypto Super PACs: These Three Groups Are Involved in Cryptocurrency
U.S. presidential elections and other political developments are expected to shape cryptocurrency policy and regulation across the country. By donating cash or crypto to these super PACs, individuals can support candidates that share their stance.
Future Forward USA
This Democratic super PAC will accept crypto donations going forward, according to a Sept. 4 report from Reuters. Future Forward is working with Coinbase Commerce to handle donations, according to the same report.
OpenSecrets describes Future Forward USA as a single-candidate committee in support of Kamala Harris, currently the Democratic presidential candidate.
Future Forward USA raised $163.9 million during the 2024 election cycle and spent $39.7 million over the same period, per OpenSecrets data.
Future Forward’s website does not describe support for crypto policies. However, one of Harris’ campaign members has separately described a possible shift toward pro-crypto policies that will also mantain customer protections.
Fairshake PAC
Fairshake spends money for and against candidates that it believes are beneficial to the crypto industry. In the 2024 cycle, it spent money on 17 candidates.
It raised nearly $203.0 million and spent $93.8 million during the 2024 election cycle . Top crypto companies, including Coinbase, Ripple, and a16z, and individuals at those companies have contributed to the super PAC.
Though Fairshake is nominally non-partisan, its spending is unequal across the two major U.S. political parties. In the 2024 cycle, it spent $6.6 million in favor of Democratic candidates, $1.5 million in favor of Republicans, and $13.6 million against Democrats, according to OpenSecrets data.
Fairshake accepts automated credit card donations as well as crypto donations arranged manually through a web form.
Sentinel Action Fund
The Sentinel Action Fund spends money in support of Republican Senate candidates and against Democratic Senate candidates based on their crypto policies.
The super PAC raised $15.6 million and spent $9.0 million during the 2024 election cycle. It spent $2.3 million across six Senate candidates in total.
Crypto investment fund Multicoin has contributed to the super PAC; it notably pledged to match individuals donors’ Solana donations over 10 days in July. Another crypto investment fund, Paradigm, has also contributed to the super PAC.
Sentinel Action Fund accepts crypto donations on its website through Gemini.
Crypto Funding Rising In Politics
The above list is not exhaustive: other crypto-related PACs and super PACs also exist, though some have raised less, spent less, or raised and spent no money on candidates this cycle.
Additionally, some political candidates that have professed pro-crypto stances are accepting crypto campaign donations directly, including Republican presidential candidate Donald Trump and Senate candidate John Deaton. As such, crypto funding and policy matters extend far beyond super PACs.
