Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.
The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country.
“With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.
Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates and opposing those seen as hostile to the industry. Robert Leshner of Superstate has also donated, according to the PAC.
Crypto, once dismissed as a speculative frenzy, now holds real power in President Donald Trump’s Washington. Industry-backed officials are securing spots in the president’s cabinet and across federal agencies. Lawmakers aligned with digital assets are launching probes into regulators accused of stifling innovation.
Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. It’s among Fairshake’s top contributors, giving more than $75 million to Fairshake and its affiliated PACs in 2024 and committing another $25 million to the 2026 midterms.
Fairshake’s largest donors also include Silicon Valley venture fund Andreessen Horowitz, which had previously pledged another $23 million to the PAC in the midterms. The fund has contributed $70 million across multiple cycles. Ripple Labs, still battling the SEC in court, is another major political donor this cycle that has given around $50 million to Fairshake. A spokesperson said the company committed $25 million both this year and last year and intends to remain a strong force in D.C. for years to come.
The impact of this money extends beyond elections. With billions in market cap and tens of millions in lobbying power, the crypto industry has positioned itself alongside Wall Street, Big Tech, and the defense sector as one of the most formidable forces in Washington. The strategy is clear: Secure allies, neutralize threats, and lock in legislative wins that will define the industry’s future.
The 2024 election
For crypto executives, investors, and evangelists, the 2024 election wasn’t just about influence — it was existential. After four years of fighting to establish legitimacy while fending off regulatory crackdowns, the industry saw it as a chance to flip the script.
Crypto-related PACs and affiliated groups pulled in over $245 million for the 2024 election cycle, according to Federal Election Commission data. Nearly half of all corporate dollars that flowed into the election came from the crypto industry, per nonprofit watchdog Public Citizen.
Stand With Crypto Alliance — the advocacy group launched by Coinbase last year — developed a grading system for House and Senate races, helping direct funds to the most pivotal battlegrounds.
They succeeded. According to Stand With Crypto, nearly 300 pro-crypto lawmakers comprise the House and Senate this session, giving the industry unprecedented sway over the legislative agenda.
The playbook for the push was simple: Raise massive sums from a handful of donors, flood battleground states with ads, and either boost pro-crypto candidates or bury their opponents. The campaign framed races in stark terms. Candidates were either with the industry or against it.
Crypto companies and executives moved fast, leveraging a sophisticated nationwide ad machine to deploy their cash with precision. They also took lessons from Big Tech’s missteps. Instead of spending hundreds of millions on lobbying after the election, the crypto industry invested heavily beforehand, ensuring that its biggest threats never made it to office in the first place.
Kia confirmed it will launch the EV4 this year as it fills out “a full lineup of popular EVs.” According to Kia, the EV4 is “an entirely new type of EV sedan with a distinct style and sports car-like proportions. However, it’s expected to be much cheaper than your average sports car. With its official debut around the corner, we are getting a closer look at what we can expect from the Kia EV4, including the inside. Check it out below.
The EV4 was revealed as a concept in October 2023 alongside the EV3 and EV5 as part of Kia’s new mass-market electric vehicle lineup.
After launching the EV3 in Korea, it’s now arriving in Europe and other overseas markets. The EV5 was initially launched in China, but Kia will bring the lower-priced electric SUV to Europe, Korea, Australia, and other regions in 2025.
Kia announced earlier this week that “the sedan-type electric vehicle EV4 will be launched sequentially around the world” after reporting Q4 and full-year 2024 earnings.
The EV4 will join the EV3, EV5, EV6, and EV9 to complete Kia’s “EVs for all,” with prices ranging from around $30,000 to upwards of $80,000. At the time, Kia said it plans to “significantly” and “rapidly” expand its electric car lineup, and it’s already making good on its promise.
Check out the Kia EV4, inside and out
Although we’ve already seen it a few times in public, including in the US late last year, a new video from HealerTV gives us a better idea of what to expect from the Kia EV4, including its interior.
One of the first things you will notice is the unique exterior profile. It appears to maintain much of the concept’s design with bold character lines and a streamlined silhouette.
Although not shown, the EV4 will feature Kia’s new ccNC (connected car Navigation Cockpit) infotainment system with dual 12.3″ driver display and infotainment screens.
The video shows what appears to be a spacious interior despite its expected smaller size. You can see how a car seat fits in the back seat with plenty of space.
Although prices and other specs will be revealed closer to launch, the EV4 is expected to start at around $30,000 to $40,000, depending on the market. Like the EV3, it’s also based on Hyundai’s E-GMP platform, which should deliver around 375 miles (WLTP) range, if not more, with the larger 81.4 kWh battery.
A hatchback EV4 model was also spotted out in public last year. The variant will likely be aimed at the European market.
Would you buy Kia’s electric sedan for around $35,000? Let us know in the comments below.
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Not-for-profit power cooperative Great River Energy, which serves 1.7 million people across Minnesota and Wisconsin, has partnered with Prisma Photonics to roll out real-time monitoring technology across 90 miles of transmission lines in northern Minnesota. Prisma Photonics will provide its PrismaPower system to track threats like wildfires, ice, wind, and physical damage to the Minnesota grid.
The multi-year project will install PrismaCircuit and PrismaClimate across five key transmission lines connected to four substations using existing fiber optic lines. The goal is to strengthen the grid ahead of Minnesota’s next winter season. These lines, spread across central and northern Minnesota, will now be under constant surveillance without the need for traditional sensors.
“We’re leveraging innovative new technologies that maximize our existing infrastructure investments,” said Priti Patel, vice president and chief transmission officer at Great River Energy. “This solution allows us to utilize our current fiber optic network in a new way to increase resilience in areas of northern and central Minnesota.”
Instead of installing physical sensors on power lines, Prisma Photonics’ technology taps into fiber optic cables already in place, transforming them into an advanced sensing system. Here’s how the company’s works:
Prisma Photonics Fiber Sensing works by connecting an optical interrogator unit into a standard single-mode optical fiber. It is one fiber, part of a cable laid alongside the monitored asset, probably for communications purposes. The Interrogator transmits optical pulses that propagate down the fiber. A minute fraction of the light is reflected from each point along the fiber. The Interrogator measures the reflected light to determine the strain, temperature, pressure, and other quantities over hundreds of kilometers of fiber with sub-meter resolution. The fiber is turned into a continuous acoustic sensor – as if there were tens of thousands of microphones spanning hundreds of kilometers.
Prisma Photonics says this means faster deployment, no service interruptions, and no need for specialized crews in all weather conditions.
Dr. Eran Inbar, CEO of Prisma Photonics, said, “Our partnership with Great River Energy demonstrates how utilities can extract additional value from their existing infrastructure to enhance grid resilience while avoiding traditional sensor-based solutions’ complexity and maintenance requirements.”
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Mitsubishi confirmed plans to finally launch its first EV in the US in 2026. The new electric car is expected to look similar to Nissan’s next-generation LEAF, which will debut later this year.
Mitsubishi plans to launch its first EV in the US in 2026
After notching its highest sales in the US since 2019 last year, Mitsubishi intends to keep the momentum going with a revamped lineup, including its first electric vehicle.
Mitsubishi told US dealers during a meeting earlier this week (via Automotive News) that the brand’s first EV will arrive in the US in 2026 alongside a new Outlander model.
According to sources, it will be a small electric crossover, similar to what the next-gen Nissan LEAF is expected to look like. Nissan is updating the iconic hatch with a new style closer to the Ariya, its electric SUV.
The new LEAF will use the same CMF-EV platform that underpins the Nissan Ariya. Nissan said its Chill-out concept from 2021 previewed the next-gen LEAF model. It will be more of a crossover coupe rather than the hatchback we are used to seeing.
Nissan is expected to unveil the new model later this year. Earlier this month, the new LEAF was spotted testing in the US, giving us our best look at the new EV so far.
Although RC Hill, chairman of the Mitsubishi National Advisory Board, said US dealers would “embrace” the brand’s first EV, it’s not expected to replace the Mirage. “It’s probably a solution to the OEM problem, but not a solution to move volume,” he explained.
The Mirage was the brand’s second-best-selling model in the US last year, behind the Outlander, but Mitsubishi ended production in December. To make up for it, Mitsubishi may cut Outlander Sport prices and introduce a new lower-priced trim ahead of its first EV arriving.
Although Mitsubishi was initially included in Nissan and Honda’s EV merger plans, the automaker is reportedly considering backing out.
With a wave of new electric crossovers and SUVs arriving in the US from Hyundai, GM, Volvo, Rivian, and several others, will Mitsubishi be able to stand out? Would you buy a Mitsubishi EV? Let us know in the comments below.
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