Brian Armstrong, the CEO of Coinbase, has reiterated the company’s commitment to advancing pro-crypto advocacy in the U.S., stating that there will be no slowdown following the upcoming elections. In a bold move to strengthen the crypto industry’s political influence, Coinbase has pledged an additional $25 million to the Fairshake PAC, a super PAC dedicated to supporting pro-crypto candidates in the 2026 midterm elections.
Coinbase’s Commitment to Pro-Crypto Advocacy
In a recent announcement, Armstrong expressed Coinbase’s intention to continue its advocacy for favorable cryptocurrency legislation, regardless of the election outcomes. The additional funding to Fairshake PAC aims to enhance crypto representation in Congress and create a more favorable regulatory environment for digital assets.
Fairshake PAC has a track record of using contributions from the cryptocurrency sector to support candidates who promote innovation and growth within the industry. Spokesman Josh Vlasto emphasized their commitment to building a sustainable coalition that advocates for responsible regulation to protect consumers and maintain the U.S. position as a leader in technological innovation and job creation.
This $25 million pledge is part of Coinbase’s overall political spending for the current cycle, which has now reached a total of $75 million.
Stand with Crypto Initiative
In addition to supporting Fairshake PAC, Armstrong highlighted the efforts of Stand with Crypto (SWC), an affiliate advocacy group that aims to grow its membership to 4 million by 2026. The SWC focuses on engaging crypto-friendly voters, educating them on relevant policy issues, and mobilizing them in key swing states. So far, the group has registered over 100,000 new voters in areas where crypto regulation is a significant concern.
Armstrong noted the increasing importance of the crypto community as a voting bloc, with nearly one in five Americans owning some form of digital asset. He stated, “The crypto voter is already a force to be reckoned with, but it will continue to grow,” underlining the potential impact of crypto enthusiasts on U.S. politics.
Q3 Earnings Report Highlights Challenges
Despite the optimistic outlook, Coinbase’s Q3 earnings report revealed challenges within the market. The company reported a 27% decline in transaction fees due to decreased trading volumes, resulting in revenue that fell short of analyst expectations. However, Coinbase is diversifying its offerings to create a more resilient revenue stream, with growth seen in staking, USDC transactions, and custody services.
Furthermore, Coinbase has recently partnered with Visa, enabling Visa debit card holders to deposit funds into their accounts instantly. This collaboration aims to enhance user experience by providing 24/7 access to trading.
As the U.S. approaches the elections, Coinbase’s proactive stance in the crypto advocacy space, coupled with its strategic partnerships and efforts to engage voters, positions the company as a significant player in shaping the future of cryptocurrency regulation in the country.
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