The crypto industry is stepping up its political game ahead of the upcoming US elections. Leading the charge is Coinbase, the popular US-based crypto exchange, which has donated a whopping $25 million in USDC to the Fairshake Super PAC. This marks Coinbase’s second major contribution to the advocacy group, which aims to promote pro-crypto candidates.
According to Coinbase CEO Brian Armstrong, the urgency to support Fairshake’s “stand with crypto” initiative is vital to counter the growing opposition to digital assets among some congressional leaders.
In a recent announcement, Armstrong said:
“The best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle and to vote anti-crypto candidates out of office.”
This latest donation has pushed Fairshake Super PAC’s total funds to an impressive $160 million, showcasing the strong support from various…
