Winklevoss Twins Invested $4.9 Million In Crypto PAC Fairshake 

On February 20, Fairshake Super Political Action Committee (PAC), the super political action committee raised over $4.9 Million from the Winklevoss twins. Tyler and Cameron Winklevoss are the founders of Gemini, who donated around $2.45 Million each. The same was confirmed by the PAC Fairshake and the US Federal Election Committee (FEC).

List of donors to crypto PAC Fairshake

According to a February 20 filing, Fairshake, a Super political action committee (PAC) has raised around $4.9 Million from Tyler and Cameron Winklevoss. The committee is indulged in opposing Katie Porte, an anti-crypto California Senate Candidate. 

On December 18, 2023, the twin brothers entered the list of high-profile crypto investors including ARK Invest, Coinbase, a16z, Ripple, and Circle.

Venture capital firm Blockchain Capital is another major donor who donated around $100,000 in January. Other players on the list include Andreessen Horowitz, Jump Crypto, Ripple Labs, and Coinbase which donated $14 Million, $5 Million, $20 Million, and $15.5 Million respectively.

A few of the biggest giants on the list are Kraken Cryptocurrency Exchange and Celectric Capital which donated $750,000 and $500,000 respectively.  

According to OpenSecrets.org report, the platform has raised over $85 Million in the year 2023-2024 with $18 Million in total spending. Additionally, the platform has $4 Million in independent expenditures and $66 Million in end cash-on-hand receipts.

Super PAC Fairshake spending  

On February 13, Super PAC had spent around $3.6 Million opposing Katie Porter. In addition to this, Senator Elizabeth Warren, a hardline cryptocurrency critic said the firm to spend assets to stop the Senate run.

The Committee is prohibited from sending assets directly to political candidates and supporting cryptocurrency candidates. Super PAC is committed to securing the innovators of the United States.

However, many of the players in the digital assets industry consider Fairshake as a chief player in the 2024 US election. The platform is standing to battle over-regulation of the industry and backing crypto-candidates from increased scrutiny from regulators and lawmakers. 

The US elections are anticipated to be held on November 5th 2024 under the supervision of the House of Representatives with 435 seats, the Senate with 33 seats, and the Presidency up for grabs. 

Super PAC Fairshake is an independent-expenditure-only political committee and is supported by Andreessen Horowitz (a16z) and Coinbase. The committee receives donations from individuals, labor unions, corporations, and political parties for financial expenditure and other independent political activities. The platform has emerged as one of the most recognized campaign finance forces sustaining cryptocurrency.  

Winklevoss brothers’ Gemini, a New York-based cryptocurrency exchange was launched in 2014, it holds a sizable share in the digital asset market. The twins have a net worth of $1.6 Billion and own over 70,000 Bitcoins (BTC). Bitcoin constitutes a major chunk of the twins’ wealth.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.