Coinbase commits $25M to pro-crypto PAC Fairshake, aiming to boost crypto representation in 2026 midterms.
Stand With Crypto plans to grow to 4M members by 2026, mobilizing crypto voters for key U.S. elections.
Q3 earnings dip 27% as Coinbase shifts focus to diversify revenue through staking, USDC, and Visa partnerships.
Coinbase CEO Brian Armstrong confirmed the company’s commitment to crypto advocacy, regardless of the upcoming U.S. election results. Armstrong’s statement came as the nation prepares for critical election outcomes. He stressed Coinbase’s determination to secure a positive environment for cryptocurrency regulation.
https://twitter.com/brian_armstrong/status/1851729070171811910 $25 Million Boost for Pro-Crypto Candidates
Coinbase pledged an additional $25 million to support Fairshake PAC. This super PAC backs candidates who favor crypto-friendly legislation. The funds aim to strengthen crypto representation in Congress for the 2026 midterms. Armstrong views this as essential for fostering growth and innovation in the crypto space.
Fairshake PAC’s Role in Representation
Fairshake PAC has led efforts to advocate for digital assets. It focuses on educating and engaging voters on crypto policy issues. Josh Vlasto, Fairshake spokesperson, emphasized the importance of building a sustainable crypto coalition. Fairshake plans to use this additional funding to increase its reach and influence in the upcoming election cycle.
Expanding Voter Outreach
In addition to Fairshake, Coinbase supports Stand With Crypto (SWC), its advocacy affiliate. SWC aims to expand its membership to four million by 2026. Currently, SWC has registered over 100,000 crypto-friendly voters in key states. The group’s mission focuses on mobilizing this base to advocate for supportive crypto policies.
Crypto Community Emerges as Key Political Force
The crypto community is growing as a significant voting bloc. Reports estimate that almost 1 in 5 Americans now own some form of digital asset. Armstrong believes this group could shift political landscapes. He stated that the crypto voter will continue to grow.
Coinbase's Q3 earnings were below expectations because of a drop in trading volumes. A decrease of 27% in transaction fees had an effect on revenue. However, Coinbase remains dedicated to broadening its range of services.
The corporation has teamed up with Visa to enable immediate deposits, offering users continuous trading opportunities. This collaboration shows Coinbase's dedication to adjusting to market circumstances.
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