Leading cryptocurrency exchange Coinbase has announced a renewed commitment of $25 million to Fairshake, a nonpartisan super PAC dedicated to advancing crypto interests in U.S. policy. Coinbase’s continued backing follows an initial $25 million pledge in June, reinforcing its role in Fairshake’s efforts to shape U.S. crypto policy amid ongoing regulatory debates.
In tandem with its financial commitment to Fairshake, Coinbase has revealed plans to expand the grassroots initiative, Stand with Crypto, aiming to attract four million members by the 2026 midterm elections. Coinbase emphasized the importance of the initiative, citing its goal to represent the 52 million Americans currently engaged with digital assets.
Launched in 2023, Fairshake has emerged as a prominent voice in crypto policy advocacy. Backed by key industry players like Coinbase, Ripple, and venture firm Andreessen Horowitz, the PAC supports candidates who champion crypto innovation, regulatory clarity, and job creation. With Coinbase’s latest contribution, OpenSecrets estimates Fairshake’s total backing to reach around $186 million, bolstering its influence in shaping bipartisan support for crypto-friendly candidates.
Fairshake’s efforts come at a critical moment for the crypto industry, which is facing intensified regulatory scrutiny, particularly from the Securities and Exchange Commission (SEC). The PAC’s bipartisan stance aims to foster support across the political spectrum, including the upcoming presidential election, where candidates are proposing crypto-focused policies.
Notably, former President Donald Trump recently suggested a U.S. Bitcoin reserve of up to 1 million BTC and proposed creating a crypto advisory council. Meanwhile, Vice President Kamala Harris has voiced interest in blockchain regulation, focusing on protections for minority investors.