⚡ Coinbase Pours $25M into Fairshake PAC for Pro-Crypto Poliсy Push
posted 31 Oct 2024
On October 30, 2024, Coinbase invested $25 million in the political super PAC, Fairshake — an organization dedicated to promoting crypto-friendly candidates in U.S. elections. This commitment was confirmed by Coinbase CEO Brian Armstrong.
Armstrong shared that Fairshake intends to use the funds to bolster candidates aligned with crypto interests in the run-up to the 2026 midterms.
We're going to keep showing up to protect our customer's rights and help get sensible legislation passed in major markets around the worldArmstrong affirmed.
This donation mirrors a prior $25 million contribution from June, reflecting Coinbase’s commitment to steering U.S. policy toward the industry, which it sees as under siege from hostile and overreaching regulatory actions.
Fairshake PAC’s Fundraising Crosses the $180 Million Mark
The nonprofit OpenSecrets indicates that, following Coinbase’s recent contribution, Fairshake PAC has amassed $186 million from donors championing crypto candidates.
Alongside Coinbase, tech giant Ripple and venture capital heavyweight Andreessen Horowitz also back Fairshake PAC.
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