Coinbase Commits $25 Million to Fairshake PAC for 2026 Midterm Elections
Coinbase has announced a significant financial commitment of $25 million to Fairshake PAC, aimed at supporting pro-crypto candidates in the upcoming 2026 midterm elections.
This pledge follows a series of donations the cryptocurrency exchange has made to Fairshake during the current election cycle.
In a blog post published on Wednesday, Coinbase emphasized the importance of its contribution, stating that the stakes in the political landscape are too high to remain passive. The company aims to counteract what it describes as the detrimental influence of anti-crypto politicians in Washington, D.C., particularly during the tumultuous period of a presidential election.
Fairshake PAC has emerged as a prominent player in political fundraising, having raised over $200 million for this election cycle, with backing from well-known entities in the crypto sector, including Ripple and a16z.
While super PACs cannot contribute directly to candidates, Fairshake has used its resources to run advertisements targeting opponents of cryptocurrency.
Coinbase CEO Brian Armstrong asserted that the results of the upcoming U.S. elections will reflect a significant pro-crypto sentiment within Congress.
He claimed that regardless of the imminent election outcome, the momentum of the crypto voter base will continue expanding. "The crypto voter is already a force to be reckoned with," Armstrong stated in a recent post on social media platform X.
