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A 501(c)(4) nonprofit linked to Fairshake, the crypto industry’s most well-funded super PAC network, is launching a national advertising campaign in support of the Digital Asset Market Clarity Act.
The Clarity Act, formally known as H.R. 3633, would create a federal regulatory framework for digital assets by drawing clear lines between the SEC and the CFTC. The bill also includes anti-money laundering provisions, a concession to lawmakers who worry that lighter-touch regulation could enable illicit finance.
The money behind the message
Fairshake and its affiliates spent between $130 million and $196 million during the 2024 election cycle. Its financial backers include Coinbase, Ripple Labs, and Andreessen Horowitz (a16z).
As of early-to-mid 2026, Fairshake entities held substantial cash reserves ranging from $122 million to $193 million.
The decision to use a 501(c)(4) for the ad campaign is worth noting. Unlike a super PAC, which must disclose its donors, a 501(c)(4) social welfare organization can run issue advocacy without revealing who’s writing the checks.
Where the bill stands
The Clarity Act passed the House in July 2025 with bipartisan support. It then cleared the Senate Banking Committee on a 15-9 vote in May 2026. The bill has since encountered delays on the Senate calendar.
The grassroots layer
Stand With Crypto, an advocacy group linked to the PAC network, has mobilized nearly 3 million individuals around digital asset policy. That grassroots infrastructure has generated hundreds of thousands of contacts with congressional offices and numerous petitions focused on advancing the Clarity Act.
In 2026 primary races, candidates backed by the PAC network went 38-2.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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