Coinbase just lobbed another fat $25 million into Fairshake, a super PAC focused on keeping crypto friends close in U.S. politics. Fairshake, now packing a serious war chest, is locked on changing crypto’s fate in Washington, where heat on the industry keeps rising. With this latest bag, Fairshake’s fund sits near $186 million, pumped full by Coinbase, Ripple, and venture kingpins like Andreessen Horowitz.
This fresh donation doubles down on the one Coinbase threw in back in June—fueling a rising counterforce to what they call “knee-jerk oversight” from regulators. With these millions pouring in, Coinbase is making its play loud and clear: crypto’s got to stay in the U.S., and so does the innovation that powers it.
Coinbase Cranks Up the “Stand with Crypto” Squad
Coinbase didn’t just throw cash at Fairshake; it’s also charging up its Stand with Crypto squad, a grassroots push meant to drum up everyday allies. Coinbase wants to see four million crypto advocates on deck by the time midterms roll around in 2026. They see it like this: with crypto allies massing at the gate, Coinbase has a homegrown shield ready to counter the rising tides of restrictive legislation.
In a blog post, Coinbase tagged Stand with Crypto as the missing piece to make sure the 52 million U.S. users stay unblocked. With fresh faces signing on, the squad’s primed to repel regulations they say are squashing free-wheeling finance and sending builders running offshore.
Fairshake PAC, the DeFi Defense Machine
Launched in 2023, Fairshake is pushing hard to fortify crypto’s regulatory borders. Big hitters backing it—Coinbase, Ripple, and Andreessen Horowitz—are all-in on the PAC’s crusade to swing the policy pendulum toward decentralization, clarity, and good ol’ job growth in the U.S.
As the SEC, helmed by the current administration, sharpens its watchful eye, Fairshake is angling to bring together a bipartisan roster who will fend off perceived regulatory overreach. Fairshake’s aiming wide, eyeing the 2024 presidential race to spread pro-crypto sentiment across party lines.
Bitcoin on the Ballot: Trump and Harris Weigh In
Crypto’s now stepped into the 2024 campaign spotlight. Former President Donald Trump’s camp has floated a radical idea—a federal Bitcoin reserve packing up to one million BTC. On top of that, he’s mentioned a crypto advisory board that would weave decentralized finance into the nation’s financial playbook.
Vice President Kamala Harris, on the other side, has voiced some blockchain love but kept her crypto stance cautiously moderate. While she leans toward regulatory frameworks aimed at shielding minority investors, the industry’s current power plays keep her in the conversation.
Coinbase and Fairshake are gearing up as the campaign field heats, showing the industry’s still stacking chips in the Beltway showdown.
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