Coinbase Commits Another $25 Million
to Crypto Super
PAC in Drive for Bipartisan
Policy
Reform
Coinbase Commits Another $25 Million to Crypto Super PAC in Drive for
Bipartisan Policy Reform
Coinbase also plans to boost advocacy group Stand with Crypto, aiming for four
million members by the 2026 midterms.
By Sebastian Sinclair
Oct 31, 2024 Oct 31, 2024
2 min read
Coinbase logo. Image: André Beganski/Decrypt
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Crypto exchange Coinbase has announced another $25 million commitment to
Fairshake, the nonpartisan super PAC dedicated to supporting crypto interests
in U.S• Соединённые Штаты Америки (США). politics.
The publicly listed company also outlined plans to bolster Stand with Crypto,
a grassroots advocacy group, aiming to increase its membership to four million
before the 2026 midterm elections.
In a Wednesday blog post , Coinbase described the initiative as crucial for
ensuring the representation of the 52 million Americans engaged with digital
assets.
Its donation follows a similar $25 million contribution made in June, as
Coinbase seeks to influence U.S• Соединённые Штаты Америки (США). politics in favor of an industry it views as
under threat from hostile and excessive oversight.
With Coinbase’s latest pledge, Fairshake’s total contributions are estimated
to reach roughly $186 million, according to data from nonprofit OpenSecrets.
Established in 2023, Fairshake has become a key player in the industry’s
strategy to shape U.S• Соединённые Штаты Америки (США). regulatory policy.
The PAC is supported by major entities, including Coinbase itself, Ripple, and
venture firm Andreessen Horowitz. Fairshake’s mission focuses on backing
candidates who advocate for crypto innovation, regulatory clarity, and job
creation within the U.S• Соединённые Штаты Америки (США)., according to its website .
As a registered bipartisan super PAC with the Federal Election Commission,
Fairshake aims to build influence across the political aisle, including among
presidential candidates for the upcoming election.
Coinbase’s advocacy comes at a pivotal time for the crypto sector, which is
navigating polarized policy pressures deemed by many within the industry as
being unfairly targeted by those in Washington, DC• Соединённые Штаты Америки (США) » Населенные пункты США » Города США » Вашингтон.
The SEC’s regulatory stance, particularly, has become stricter under the Biden
administration, intensifying Fairshake’s efforts to build bipartisan support
for blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн and crypto-friendly candidates.
On the presidential campaign front, former President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд has proposed
a strategic Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve, which would hold up to 1 million BTC as part of
the U.S• Соединённые Штаты Америки (США). financial reserves, and mentioned establishing a crypto advisory
council to ensure transparent and fair regulation .
Vice President Kamala Harris• Объект человек » Персоналии по алфавиту » Персоналии на Ха » Харрис, Камала has been less specific but has voiced support for
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology, focusing on regulatory frameworks that protect minority
investors.
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