Coinbase Pours $25M More Into Fairshake as CEO Armstrong Says ‘We’re Not Slowing Down’

Election 2024 coverage presented by
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.
“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.
Read more: Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
Edited by Aoyon Ashraf.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
Danny is CoinDesk’s Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.