Home Hot CategoriesCrypto News Rephrase the title:Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

Rephrase the title:Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

by Joseph Jolie
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Rephrase and rearrange the whole content into a news article of 350 words. Make sure whole content is in narrative style with h2 and h3 headings and there is no plagiarism involved compare with the following article:

Fairshake, a Super political action committee (PAC) that is backing crypto-friendly candidates, has now received funding of a total of $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, Bloomberg reported, citing the latest federal filings.

The Winklevoss twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin {{BTC}} investors, were initial investors in Fairshake, revealed in the first announcement on Dec. 18, 2023. The Winklevoss’ join a list of high-profile crypto investors backing the Super PAC, such as Andreessen Horowitz (a16z), ARK Invest, as well as crypto companies like Circle, Ripple, Coinbase (COIN) and more.

Overall, Fairshake has raised more than $85 million to support leaders who endorse crypto and blockchain, according to OpenSecrets.org. It has also spent millions opposing California Senate Candidate Katie Porter.

Super PACs are prohibited from sending money directly to political candidates and Fairshake has emerged as one of the most prominent campaign finance forces supporting crypto.

Read More: Fairshake Super PAC Raises $78M to Support Crypto Candidates in 2024 U.S. Election

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