Fairshake, a crypto-centric super PAC, has raised $78 million to champion political leaders backing blockchain innovation and bespoke legislation for digital assets.

The organization amassed funds with support across crypto heavyweights like a16z, Ark Invest, Circle, Ripple, and Coinbase. As a Super PAC, Fairshake legally cannot donate directly to campaigns — but exists to advocate for crypto-friendly candidates in the 2024 US presidential election.

Calls for regulatory clarity have reached fever pitch after the SEC recently rejected Coinbase's petition for customized crypto rules. With bipartisan politicians arguing to curtail the SEC's expansive oversight, the election offers a prime chance to reshape the crypto regulatory landscape.

Fairshake specifically aims to elevate leaders embracing the full potential of blockchain technology and the need for legislation tailored to the unique nature of digital assets.

Without the legal guardrails to spur responsible growth, the organization argues crypto cannot nearly fulfill its intended economic promise. And Fairshake now boasts the war chest to shift the crypto policy debate at the highest rungs of government.

The PAC underscores an unprecedented unification across crypto heavyweights to cement digital assets as a major election issue for 2024. The lobbying push also signals the maturity of crypto as the industry realizes meaningful reform requires inputs beyond just technology.