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Coinbase Pours $25M More Into Fairshake as CEO Armstrong Says 'We’re Not Slowing Down'
“The crypto voter is already a force to be reckoned with, but it will continue to grow,” CEO Brian Armstrong said.
Updated Oct 30, 2024, 9:44 p.m. Published Oct 30, 2024, 9:41 p.m.
The 2024 general election hasn’t even wrapped, but Coinbase is already funding a crypto-politics war chest for 2026.
On Wednesday, the exchange pledged to give crypto super-PAC Fairshake $25 million in 2025 for the following year’s midterm elections.
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“The crypto voter is already a force to be reckoned with, but it will continue to grow,” CEO Brian Armstrong said in a X post. The next Congress “will be the most pro-crypto” yet, he asserted, adding, “we’re not slowing down.”
We get the U.S. election results in 6 days, and no matter how you slice it, it will be the most pro-crypto congress ever.
— Brian Armstrong (@brian_armstrong) October 30, 2024
But we're not slowing down post-election.
Today I'm announcing that @coinbase has committed another $25M to support Fairshake PAC, which they will use…
Crypto-industry dollars continue to flood American politics: multiple PACs are spending big on candidates perceived to be favorable to crypto. Fairshake, one of the largest, is also spending against anti-crypto candidates, most notably Katie Porter, who lost her primary bid for a California senate seat.
The pledge brings Coinbase’s total commitments to Fairshake close to $100 million, making it the industry PAC’s single most important funder. Fairshake has raised over $200 million this election cycle.
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