#cryptonews
Coinbase has announced a $25 million donation to the super political action committee Fairshake, aiming to bolster support for pro-crypto candidates in the upcoming 2026 midterm elections.
The latest contribution adds to a series of donations the cryptocurrency exchange has already made to Fairshake during the current election cycle.
“If we can disrupt the destructive efforts of anti-crypto politicians during the tumult of a presidential election, imagine the strides we can make ahead of the midterm elections.”
Coinbase claimed the “stakes are too high for us to stand on the sidelines,” underscoring the need to counter the efforts of anti-crypto politicians in Washington, D.C.
Although super PACs cannot directly donate to political candidates, Fairshake has campaigned against those opposed to cryptocurrency, notably targeting California Senate candidate Katie Porter.
Fairshake has emerged as a significant player in political fundraising, raising over $200 million this election cycle with contributions from major crypto firms, including Ripple and Andreessen Horowitz.
Filings from the Federal Election Commission (FEC) reveal that, as of October 24, the Bitcoin Voter PAC has spent close to $30,000 on digital advertisements in support of Cruz.
As reported, PACs with crypto interests are turning their focus to Texas, where Republican Senator Ted Cruz is facing off against Democratic candidate Colin Allred.