Crypto-Focused Fairshake Becomes Biggest Super PAC With Over $200M In Donations, Spends 90% Of The Funds Against Democrats
Portfolio Pulse from Aniket Verma
Crypto-focused Fairshake has become the largest super PAC in the 2024 presidential election with over $200 million in donations, primarily targeting Democratic candidates. Major contributors include Coinbase Global Inc. and Ripple Labs, each donating $45 million. This highlights the growing political influence of the cryptocurrency industry.
July 30, 2024 | 6:23 am
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Coinbase Global Inc. has contributed $45 million to the crypto-focused super PAC Fairshake, which has become the largest super PAC in the 2024 presidential election. This move underscores Coinbase's commitment to influencing pro-cryptocurrency policies.
Coinbase's significant financial contribution to Fairshake indicates its strategic move to influence political outcomes in favor of the cryptocurrency industry. This could positively impact Coinbase's stock as it aligns with broader industry support.
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