Coinbase, a popular crypto exchange in the US, announced an additional $25 million donation to Fairshake Super Political Action Committee (PAC) in a blog post. Coinbase stated that this fund aims to elect pro-crypto candidates and defend crypto users’ rights.
With this latest contribution, Fairshake and its affiliates have raised a total of $160 million this election cycle, making it one of the largest Super PACs.
Crypto Industry’s Influence Grows with Coinbase’s Donation
The donation reflects Coinbase’s strategy to expedite regulatory clarity through legislative and judicial means. Coinbase CEO Brian Armstrong emphasized the importance of electing pro-crypto candidates to overcome legislative gridlock and ensure the industry’s growth.
“For a bill to become law in the US, it must pass the House, Senate, and be signed into law by the President. And in our divided government, the default is that nothing will happen…
