Crypto political action committee Fairshake is targeting Sen. Katie Porter in California. (CoinDesk screen capture from Fairshake ad)

Crypto Political Group Fairshake Targets California Senate Candidate Katie Porter

Summary

Fairshake, a prominent crypto campaign-finance organization, is targeting Rep. Katie Porter's Senate bid with a multi-million-dollar effort, criticizing her campaign fundraising and support from big industries. Fairshake is supported by crypto firms like Andreessen Horowitz, ARK Invest, Circle, Ripple, and Coinbase. The organization has raised over $80 million and is using it to influence the 2024 U.S. election. Additionally, another group, the Cedar Innovation Foundation, backed by crypto interests, is targeting Sen. Sherrod Brown for his stance on digital assets legislation.