Coinbase and Ripple are among the largest donors to a super PAC that aims to support pro-crypto politicians, Bloomberg reported on Jan. 31.
Coinbase has contributed $24.5 million to Fairshake, PAC spokesperson Josh Vlasto told Bloomberg. Coinbase CEO Brian Armstrong has also personally given $1 million to the PAC. Those donations make up about one-third of the $85 million that Fairshake has raised to date, according to the report.
Vlasto additionally told Bloomberg today that Ripple has donated $20 million to Fairshake. Two VC firms — Andreessen Horowitz (a16z) and Electric Capital — have donated $20 million and $500,000 respectively.
Bloomberg said that more information about Fairshake’s donors will be revealed in an upcoming filing with the U.S. Federal Election Commission.
Firms have not confirmed donation amounts
Though none of the above companies have confirmed their donation amounts publicly, Coinbase acknowledged that both…
