Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms

Quick Take

  • Coinbase is planning ahead and is committed to pouring a further $25 million into Fairshake to boost pro-crypto candidates ahead of the 2026 midterms.
  • Coinbase CEO Brian Armstrong said the crypto voter is “already a force to be reckoned with.”

Coinbase has pledged an additional $25 million donation to super political action committee Fairshake to support pro-crypto candidates ahead of the 2026 midterm elections.

The crypto exchange, which has made multiple donations to Fairshake for the current election cycle, wrote in a blog post on Wednesday that the company is committed to “helping Fairshake and its affiliates remain a force in the next election cycle by committing another $25 million to their efforts.”

“The stakes are too high for us to stand on the sidelines,” Coinbase said. “If we can disrupt the destructive efforts of anti-crypto politicians in DC during the tumult of a presidential election, imagine the strides we can make ahead of the Midterm elections.”

Fairshake, which has raised over $200 million for the current election cycle, has gained funding from major crypto companies and investment firms, including Ripple and a16z. While super PACs are not allowed to donate money directly to political candidates, Fairshake has run ads against anti-crypto candidates, with California senate candidate Katie Porter — who lost her primary — as a notable example.

“We get the U.S. election results in six days, and no matter how you slice it, it will be the most pro-crypto congress ever,” Coinbase CEO Brian Armstrong said in a post on X. “But we're not slowing down post-election…The crypto voter is already a force to be reckoned with, but it will continue to grow.”


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.

Editor

To contact the editor of this story:
Danny Park at
[email protected]