Digital Asset Firms Ramp Up Donations to U.S. Politicians: FT

In response to escalating regulatory challenges and increasing skepticism, digital asset companies are reportedly upping their political donations. Notable players, including Coinbase, Circle, and a16z, are directing funds towards supporting pro-digital-asset legislators and influencing stalled bills in Congress, particularly in anticipation of the upcoming presidential election.

Donations to Politicians

According to a recent report by the Financial Times, in the past week, these companies collectively injected $78 million into Fairshake, a federal super PAC designed to support “pro-crypto leadership.”

Faryar Shirzad, Chief Policy Officer at Coinbase, emphasized their…

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