Coinbase-Backed Crypto PAC Launches Advertising Campaign Against California’s Senate Candidate Katie Porter
A new super PAC backed by major cryptocurrency players, including Coinbase, has launched a multimillion-dollar advertising campaign aimed at crushing Representative Katie Porter, a Democrat running in the California Senate primary.
The super PAC, Fairshake, along with its affiliated groups Protect Progress and Defend American Jobs, has amassed a combined total of approximately $80 million, with significant contributions from Coinbase, Ripple Labs, and Andreessen Horowitz.
Fairshake’s aggressive move comes as the race for the California Senate seat intensifies, with Porter facing tough competition from fellow Democrats Representative Adam Schiff and Representative Barbara Lee, as well as Republican candidate and former baseball player Steve Garvey.
Despite the primary being held in March, the top two finishers, regardless of party affiliation, will advance to the November general election.
Read more on cryptonews.com
