Coinbase’s Eight-Figure Donations Ahead Of ‘Most Consequential’ Midterm Election

Coinbase Global Inc. (NASDAQ:COIN) and CEO Brian Armstrong are helping build a major pro-crypto political war chest ahead of what the exchange calls the industry’s “most consequential” U.S. election.

Political War Chest

Armstrong personally donated $1 million to Fairshake, a super PAC backing crypto-friendly candidates, while Coinbase contributed another $24.5 million, according to the report.

Fairshake has raised $85 million so far, with Armstrong and Coinbase accounting for roughly one-third of the total, Bloomberg reported on Tuesday.

The PAC supports pro-crypto candidates from …

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