Coinbase Donates $25M to Pro-Crypto Super PAC Fairshake, Joining Ripple and Andreessen Horowitz
Coinbase, the largest crypto exchange in the United States, has announced a donation of $25 million to the pro-crypto super PAC Fairshake.
The contribution matches recent donations made by Ripple, a crypto payments company, and Andreessen Horowitz, a tech-focused venture capital firm.
With Coinbase’s donation, Fairshake’s funding now stands at an impressive $160 million, firmly placing it among the top five largest super PACs for this election cycle.
Fairshake has already allocated over $40 million to support pro-crypto candidates running in crucial House and Senate races.
The hope is that their victories will lead to more favorable policies for U.S. companies and individuals engaged in crypto-related activities.
Coinbase CEO Brian Armstrong emphasized the importance of electing pro-crypto candidates from both major political parties to achieve regulatory clarity.
“We now need to send a strong message in November by electing candidates who represent our values,” he said.
Welcome to the club – you're in good company
Read more on cryptonews.com
