CEO Brian Armstrong also announced an additional $25 million contribution to the Fairshake PAC for the 2026 midterms “to elect pro-crypto candidates.”
Cryptocurrency exchange Coinbase, one of the biggest partners of the political action committee (PAC) Fairshake and the Stand With Crypto political initiative, said it was optimistic about pro-crypto legislation going into a new Congress.
In its shareholder letter for the third quarter of 2024, released on Oct. 30, the company said it was “prepared to work with either administration” in the United States, whether Democratic candidate and Vice President Kamala Harris or Republican Donald Trump wins the presidency.
Coinbase said it planned to help advance regulatory clarity for the industry as a new session of Congress begins in January 2025.
