Crypto exchange Coinbase has announced another $25 million commitment to Fairshake, the nonpartisan super PAC dedicated to supporting crypto interests in U.S. politics.
The publicly listed company also outlined plans to bolster Stand with Crypto, a grassroots advocacy group, aiming to increase its membership to four million before the 2026 midterm elections.
In a Wednesday blog post, Coinbase described the initiative as crucial for ensuring the representation of the 52 million Americans engaged with digital assets.
Its donation follows a similar $25 million contribution made in June, as Coinbase seeks to influence U.S. politics in favor of an industry it views as under threat from hostile and excessive oversight.
Coinbase Donates $25 Million to Fairshake to Defeat 'Anti-Crypto Candidates'
Coinbase, America’s dominant crypto exchange, announced Monday that it has donated an additional $25 million to industry political action committee (PAC) Fairshake in the latest escalation of crypto-related spending on the 2024 election. That spend brings Fairshake’s total haul this cycle to $160 million, making it one of the largest PACs attempting to influence the outcome of November’s election. In fact, only ActBlue and WinRed—the primary payment processors for the Democratic and Republican...
With Coinbase’s latest pledge, Fairshake’s total contributions are estimated to reach roughly $186 million, according to data from nonprofit OpenSecrets.
Established in 2023, Fairshake has become a key player in the industry’s strategy to shape U.S. regulatory policy.
The PAC is supported by major entities, including Coinbase itself, Ripple, and venture firm Andreessen Horowitz. Fairshake’s mission focuses on backing candidates who advocate for crypto innovation, regulatory clarity, and job creation within the U.S., according to its website.
As a registered bipartisan super PAC with the Federal Election Commission, Fairshake aims to build influence across the political aisle, including among presidential candidates for the upcoming election.
Pro-Crypto Super PAC Fairshake Plans to Spend $25 Million on These Congressional Candidates
Digital asset-focused super PAC Fairshake is planning to spend $25 million on more than a dozen Republican and Democratic congressional candidates. Fairshake will use the funds to purchase TV advertising time for 18 pro-crypto House candidates—nine Republicans and nine Democrats—across roughly a dozen states, from Alaska to California to New York. The super PAC plans to spend about $1 million in each of the districts in which its candidates are running, a Fairshake representative said Thursday...
Coinbase’s advocacy comes at a pivotal time for the crypto sector, which is navigating polarized policy pressures deemed by many within the industry as being unfairly targeted by those in Washington, DC.
The SEC’s regulatory stance, particularly, has become stricter under the Biden administration, intensifying Fairshake’s efforts to build bipartisan support for blockchain and crypto-friendly candidates.
On the presidential campaign front, former President Donald Trump has proposed a strategic Bitcoin reserve, which would hold up to 1 million BTC as part of the U.S. financial reserves, and mentioned establishing a crypto advisory council to ensure transparent and fair regulation.
Vice President Kamala Harris has been less specific but has voiced support for blockchain technology, focusing on regulatory frameworks that protect minority investors.
