Political War Chest

Armstrong personally donated $1 million to Fairshake, a super PAC backing crypto-friendly candidates, while Coinbase contributed another $24.5 million, according to the report.

Fairshake has raised $85 million so far, with Armstrong and Coinbase accounting for roughly one-third of the total, Bloomberg reported on Tuesday.

The PAC supports pro-crypto candidates from both parties and aims to push for clearer U.S. digital asset rules.

Other major donors include Andreessen Horowitz and Ripple with $20 million each, and Electric Capital with $500,000.

Coinbase remains locked in a legal fight with the Securities and Exchange Commission, which accused the company of operating an…

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