金色财经|Oct 19, 2026 21:53
[Fairshake-Linked PAC Spends $362,000 to Support California Representative Wahab]
According to a report by Jinse Finance, on October 20, Protect Progress, an affiliate of the Fairshake Super PAC closely tied to the cryptocurrency industry, filed documents with the U.S. Federal Election Commission disclosing that it has spent $362,000 on advertisements in support of Democratic incumbent Representative Aisha Wahab from California's 14th Congressional District. Her opponent is fellow Democrat Melissa Hernandez.
Notably, Wahab defeated Hernandez in a special election on August 18 with over 53% of the vote. The election was held to fill the vacancy left by Eric Swalwell, who resigned in April this year following allegations of sexual misconduct. Wahab's term will run until January 2027. Both Wahab and Hernandez were previously rated as "strongly pro-crypto" in a questionnaire conducted by the digital asset organization Stand With Crypto.
Fairshake, established in 2023, is primarily funded by Coinbase, Ripple Labs, and Andreessen Horowitz. Since the start of the 2024 U.S. election cycle, the Super PAC has invested tens of millions of dollars to support candidates it identifies as "pro-crypto." Its affiliate, Defend American Jobs, has also spent over $6.7 million opposing independent candidate Dan Osborn in Nebraska's Senate race and invested $8 million in Ohio to support incumbent Republican Jon Husted. Total spending in the Ohio race has exceeded $46 million.
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