Coinbase CEO Pledges $1 Million to Pro-Crypto Super PAC Backing House Members
-
Coinbase CEO Brian Armstrong pledged $1 million to a new pro-crypto super PAC called Fairshake.
-
Fairshake has spent over $1.2 million on ads backing 13 House members on Financial Services and Agriculture committees.
-
The spending comes as crypto firms push for legislation to legitimize digital assets before crypto's problems hurt the industry.
-
Fairshake's ads tout members as bipartisan problem solvers who attract future jobs, a veiled crypto reference.
-
With Armstrong's pledge, Fairshake is expected to back more pro-crypto candidates, including for Senate, in 2024.