Summary
TLDR: Crypto-friendly super PAC Fairshake received $4.9 million from Gemini co-founders Winklevoss twins in January, making up majority of $6.8 million received last month. Fairshake has become popular among crypto-friendly donors, also receiving donations from venture capital firms. The organization has raised over $85 million to date and has cash in hand. They recently funded attack ads targeting Democratic Rep. Katie Porter. Gemini, a crypto exchange, hit rough waters in 2022 and had to freeze withdrawals for its Gemini Earn program.
Key Points
1. Crypto-friendly super PAC Fairshake received a significant donation of $4.9 million from Gemini co-founders Cameron and Tyler Winklevoss in January.
2. Fairshake has emerged as a popular super PAC for crypto-friendly donors this election cycle, receiving donations from various venture capital firms and ending last month with $73 million cash in hand.
3. The super PAC recently used funds from its war chest to finance attack ads targeting Democratic Rep. Katie Porter, a prominent ally of crypto-skeptic Senator Elizabeth Warren.