Fairshake associates with PAC to invest $362,000 to support California Assemblymember Wahab

According to Cointelegraph, Protect Progress, an affiliated organization of the Fairshake super PAC closely related to the cryptocurrency industry, has submitted documents to the Federal Election Commission revealing that it has spent $362,000 on advertising to support Democratic incumbent Congresswoman Aisha Wahab in California's 14th congressional district, whose opponent is fellow Democrat Melissa Hernandez.

Notably, Wahab defeated Hernandez with over 53% of the vote in the special election on August 18, aimed at filling the vacancy left by Eric Swalwell's resignation, which ends in January 2027. Swalwell resigned in April this year due to sexual assault allegations. Both Wahab and Hernandez were previously rated as "strongly supportive of crypto" in a questionnaire from the digital asset organization Stand With Crypto.

Fairshake was established in 2023, primarily funded by Coinbase, Ripple Labs, and Andreessen Horowitz. Since the 2024 U.S. elections, the super PAC has invested tens of millions of dollars to support candidates it identifies as "pro-crypto." Its affiliated organization, Defend American Jobs, has also spent over $6.7 million opposing independent candidate Dan Osborn in the Nebraska Senate election and invested $8 million supporting incumbent Republican Jon Husted in Ohio, with total spending in that election exceeding $46 million.