Coinbase
US Cryptocurrency exchange and a leading backer of the Fairshake Super PAC network.
Coinbase's political money is back in Ohio: Defend American Jobs, which the Washington Times places in the Coinbase-backed Fairshake network, filed $11.46m between 24 and 30 September 2026 backing Jon Husted and opposing Sherrod Brown.
Last refreshed: 1 October 2026
How is Coinbase's money shaping the 2026 Senate races?
Timeline for Coinbase
Mentioned in: Ohio Senate race draws $44.1m in a week
US Midterms 2026Background
Coinbase, Inc. is a US Cryptocurrency exchange founded in 2012. Its parent, Coinbase Global, has listed Class A shares on Nasdaq as COIN since 14 April 2021, and moved its incorporation from Delaware to Texas on 15 December 2025. The company calls itself remote-first and keeps no headquarters. Its February 2026 annual report names co-founder Brian Armstrong as chief executive.
Coinbase is one of the largest funders of Fairshake, the crypto industry's Super PAC network. Its annual report says it backed Fairshake's launch in December 2023, and it pledged $25m to the network for the 2026 midterms.
That makes Coinbase a source, at one remove, of spending such as Defend American Jobs' $11.46m in Ohio's 2026 Senate race, even though the adverts carry neither its name nor its industry.
Its crypto money resurfaces in Ohio
Coinbase does not spend in Senate races under its own name. It funds Fairshake, the crypto industry's Super PAC network, having backed its launch in December 2023 and pledged $25m to Fairshake and its affiliates in 2025 for the 2026 midterms.
That money surfaced in Ohio in late September 2026. Defend American Jobs, which the Washington Times links to the Fairshake network, filed $11.46m of spending between 24 and 30 September, split almost evenly between supporting Jon Husted and attacking Sherrod Brown. Its new adverts do not mention crypto. By this point of the 2024 race, which cost Brown his seat, Defend American Jobs had spent $40m backing Bernie Moreno.