Coinbase Pours $25M More Into Fairshake as CEO Armstrong Says ‘We’re Not Slowing Down’
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.
Unmute
02:19
Spot Bitcoin ETFs Record $870M Inflows as BTC Tests All-Time High
02:04
Coinbase Earnings Preview; DWF Labs Dismisses a Partner After Drugging Allegations
04:10
Bitcoin Price Breaks $71K: Can BTC Withstand Political Narratives?
01:50
Bitcoin Open Interest Hits Record High Amid BTC Price Surge
“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.”
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.
