PANews reported on October 31 that Coinbase Global Inc. has provided an additional $25 million in funding support to the political action committee Fairshake, which has become an important force in U.S. elections.
Coinbase CEO Brian Armstrong posted on the X platform on Wednesday, stating: 'Fairshake will use this funding to prepare for the midterm elections in 2026, to support candidates who advocate for cryptocurrency. The results of the U.S. elections will be revealed in six days, and this will be the most pro-cryptocurrency Congress in history. Crypto voters have already become an undeniable force and will continue to grow.'
Fairshake, funded by giants in the digital asset industry such as Coinbase, Ripple Labs Inc., and Andreessen Horowitz, has been trying to push Republican and Democratic candidates to take cryptocurrency seriously. In the final weeks of the 2024 U.S. elections, Fairshake plans to spend more than $40 million on top of the $140 million already invested in dozens of congressional districts nationwide.
