Blockchair's logo

Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms The Block 31 Oct 2024

Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms 💰

Coinbase, a leading cryptocurrency exchange, has announced a significant financial pledge of $25 million to the Fairshake Political Action Committee (PAC). This contribution is specifically aimed at supporting pro-cryptocurrency candidates in the upcoming 2026 midterm elections in the United States. By backing candidates who are favorable to cryptocurrency policies, Coinbase aims to influence the political landscape in favor of the crypto industry.

The initiative is part of Coinbase’s broader strategy to ensure the development and implementation of policies that foster innovation and growth in the cryptocurrency sector. By investing in political advocacy through Fairshake PAC, the company is taking proactive steps to align legislative actions with the interests of the cryptocurrency community.

This move underscores the exchange's commitment to shaping a regulatory environment that is conducive to the expansion of digital assets and blockchain technology. As regulatory frameworks continue to evolve, Coinbase's support for pro-crypto candidates highlights the industry's focus on securing a robust political foundation for future growth and stability.

Source: www.theblockcrypto.com ↗