As a seasoned researcher with a keen interest in technology and politics, I find myself intrigued by Coinbase’s early moves in funding the crypto-politics war chest for 2026. With my years of experience observing the ebb and flow of political dynamics, I can confidently say that this is a bold move, reminiscent of the dot-com era where tech companies aggressively courted politicians to shape policy.
The 2024 general election hasn’t even wrapped, but Coinbase is already funding a crypto-politics war chest for 2026.
On a Wednesday announcement, the exchange committed to donating $25 million in crypto to Fairshake Super PAC by the year 2025, intended for the subsequent midterm elections.
In a recent post, CEO Brian Armstrong expressed that the influence of crypto voters is already significant and will continue to expand. He further predicted that the upcoming Congress will be the most supportive of cryptocurrency yet, emphasizing that there’s no sign of slowing down in their efforts.
Crypto-industry dollars continue to flood American politics: multiple PACs are spending big on candidates perceived to be favorable to crypto. Fairshake, one of the largest, is also spending against anti-crypto candidates, most notably Katie Porter, who lost her primary bid for a California senate seat.
Contributing to Fairshake adds nearly $100 million to Coinbase’s pledged amount, making them the primary contributor and a key player in the industry Political Action Committee (PAC). This election cycle, Fairshake has managed to gather over $200 million.
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2024-10-31 00:58