Coinbase Gives Another $25 Million to Crypto Super-PAC Fairshake

Coinbase Global Inc., the biggest US cryptocurrency exchange, has given another $25 million to the Fairshake SuperPAC, helping ramp-up donations geared toward electing candidates favorable to digital assets, Chief Executive Officer Brian Armstrong said in a post on the company’s blog.

The political action committee and its affiliates have raised $160 million in this election cycle, Armstrong said. Last week, venture-capital firm Andreessen Horowitz, whose co-founder Marc Andreessen sits on Coinbase’s board, donated $25 million to Fairshake, as did crypto firm Ripple.

Brian Armstrong

Photographer: Michael Nagle/Bloomberg

The super PAC paid for attack ads against Representative Katie Porter, an anti-crypto California Democrat who ...