Top U.S. cryptocurrency exchange Coinbase has donated a further $25 million to Fairshake’s super PAC, according to a blog post on Monday. The lobbying money, which will bolster the campaigns of crypto-friendly congressional candidates in upcoming state primaries, follows in the footsteps of crypto payments company Ripple and venture capital firm a16z, which each donated $25 million last week to Fairshake.
This takes the super PAC's total balance to $161 million for this year’s federal elections, according to CoinDesk. Other Fairshake donors include the Winklevoss twins, Jump Crypto, and Union Square Ventures. A recent report from the consumer advocacy organization Public Citizen found that digital-asset-affiliated super PACs, including Fairshake, have raised the third-highest dollar amount of all super PACs ahead of the 2024 election.
