PANews reported on October 31 that according to Bloomberg, the cryptocurrency exchange Coinbase Global Inc. has added $25 million in funding to Fairshake, a political action committee in the digital asset industry, which has become an important force in the US election.
Coinbase CEO Brian Armstrong posted on the X platform on Wednesday: “Fairshake will use the funds to prepare for the 2026 midterm elections to fund candidates who support cryptocurrency. The results of the US election will be announced in six days. This will be the most cryptocurrency-supportive Congress in history. Crypto voters are already a force that cannot be ignored and will continue to grow.”
Fairshake, which is funded by digital asset industry giants such as Coinbase, Ripple Labs Inc. and Andreessen Horowitz, has been trying to push Republican and Democratic candidates to take cryptocurrencies seriously. In the final weeks of the 2024 U.S. election, Fairshake plans to spend more than $40 million on top of the $140 million it has already invested in dozens of congressional districts across the country.
