Crypto Money Won the Election—And It Could Just Be Getting Started

This week’s U.S. election, like any other, had its winners and losers. But you’d be hard pressed to find a bigger winner coming out of Tuesday night than Fairshake. 

The crypto super PAC, funded by the likes of Coinbase, Ripple, and Andreessen Horowitz, didn’t just win big on a handful of high-stakes, marquee fights. It ran the board, defying toss-up odds to elect almost every single Democrat and Republican it supported. 

In rural counties, exurban suburbs, and densely populated cities, one throughline overruled party politics: candidates backed by crypto money won. 

To give a sense of the scale of Fairshake’s domination: The PAC backed 68 candidates. Most of those up for election on Tuesday won. But what’s particularly…

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