Coinbase Gives Another $25 Million to Crypto Super-PAC Fairshake
- Fairshake received several large donations last week
- The SuperPAC focuses on electing pro-crypto candidates
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Coinbase Global Inc., the biggest US cryptocurrency exchange, has given another $25 million to the Fairshake SuperPAC, helping ramp-up donations geared toward electing candidates favorable to digital assets, Chief Executive Officer Brian Armstrong said in a post on the company’s blog.
The political action committee and its affiliates have raised $160 million in this election cycle, Armstrong said. Last week, venture-capital firm Andreessen Horowitz, whose co-founder Marc Andreessen sits on Coinbase’s board, donated $25 million to Fairshake, as did crypto firm Ripple.