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Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election - TL;DR CNBC

Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election

Publishing timestamp: 2024-11-04 14:55:05


Summary

Fairshake, a pro-crypto super PAC, has raised $78 million for the 2026 midterms with support from companies like Coinbase and Andreessen Horowitz. The PAC aims to support pro-crypto legislators and advocate for practical regulatory frameworks. Other major donors include Ripple Labs. The majority of the funds raised by Fairshake come from the crypto industry, with the PAC being one of the top-spending in the 2024 cycle. Public Citizen's report found that candidates supported by the crypto industry have been successful in primary races.


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Keywords: cryptocurrencycoinbase global incbitcoinunited statesbreaking news: politicstechnologyelectionsenergybrian armstrongpoliticsfintechbusiness news

Source: https://www.cnbc.com/2024/11/04/coinbase-a16z-contribute-78-million-to-pro-crypto-pac-for-2026-election.html


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