FairShake, a prominent crypto Super PAC, faces backlash for not backing pro-XRP advocate John Deaton in the U.S. election. Critics argue that FairShake's financial support is biased towards less favorable candidates, with 90% of its funds going to anti-crypto Democrats.

FairShake's Funding Disparity

FairShake has raised $160 million by May end, but predominantly supports Democratic candidates. Notably, 90% of its donations went to Democrats, many of whom hold anti-crypto positions. For instance, FairShake contributed $10 million to Adam Schiff's primary race, despite Schiff's minimal support for crypto. Conversely, pro-crypto candidate Richie Torres received only $63,084 from FairShake.

Community Demands Transparency

Crypto advocates are frustrated over FairShake's lack of support for John Deaton, who successfully represented 76,000 XRP holders against the SEC. FairShake's actions have prompted significant backlash within the cryptocurrency community. Crypto enthusiast Moonchaser joined the discussion, expressing surprise at FairShake's lack of support for Deaton despite his contribution towards Ripple. Yassin Mobarak, founder of Dizer Capital, voiced his frustration, stating, “If this is true, it is unacceptable.”

FairShake's Strategic Choices

FairShake's decisions have intensified calls for the organization to clarify its stance and funding allocations. Crypto supporters argue that backing candidates like Deaton is essential for advancing favorable crypto regulations and protecting the interests of the community. As the debate unfolds, the crypto community remains vigilant, urging FairShake to align its actions with the interests of crypto proponents and provide transparency in its funding strategies.