Coinbase CEO Brian Armstrong recently affirmed the company’s commitment to supporting crypto-friendly policies in the U.S., pledging to continue efforts for a regulatory environment that fosters digital assets even after the November elections.
New $25 Million Support for Fairshake PAC
Coinbase has committed an additional $25 million to the Fairshake PAC to back candidates who support crypto-friendly policies. This funding, targeted through the 2026 midterm elections, aims to strengthen crypto advocacy in Congress and push for regulations that benefit the U.S. crypto sector.
Rising Political Expenditures
With this new pledge, Coinbase’s total political spending now stands at $75 million. Armstrong also expressed support for the Stand with Crypto (SWC) advocacy group, aiming for SWC to reach 4 million members by 2026.
Fairshake spokesperson Josh Vlasto emphasized that the crypto industry aims to build a sustainable coalition to champion consumer-focused regulations and keep the U.S. at the forefront of technology and employment.
New Partnership with Visa
Coinbase’s recent partnership with Visa now allows users instant funding to their debit cards, offering the flexibility to transact 24/7.
In its latest quarterly report, Coinbase reported lower-than-expected earnings due to reduced trading volume, which led to a 27% decrease in transaction fees. However, growth in staking, USDC transactions, and custodial services helped the company diversify its revenue streams.
With 1 in 5 Americans owning digital assets, Armstrong is working to engage crypto voters more directly in U.S. politics.
Impact on Future Regulations
Coinbase’s continued investments aim to position the crypto community for stronger political influence. Through these strategic investments and partnerships, Coinbase seeks to elevate crypto’s role in U.S. policy.
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Coinbase, crypto-friendly policies, Fairshake PAC, political spending, Stand with Crypto
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