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.

“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.

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…

— Brian Armstrong (@brian_armstrong) October 30, 2024

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