Which candidates did Coinbase Commerce (Exchange)'s money end up backing or attacking in 2024?

against Katherine Porter (California Senate, about $966K, unknown); for Michelle Steel (California 45th District, about $268K, lost); for Don Davis (North Carolina 1st District, about $212K, won). Amounts are the donor's share of each group's spending.

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Donor

Coinbase Commerce (Exchange)

Company / nonprofit

California

1 reported gift; 1 recipient group listed, as reported to the FEC by the groups that received them.

Backed winners

Coinbase Commerce (Exchange) gave $25M to super PACs and other outside groups in the 2024 federal elections, and 52% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 65% were on the winning side ($1.7M won, $908K lost). $1.3M had no matched result and is excluded.

Gave to outside spenders

$25M

52% of it helped Democrats

Winning share of scored dollars

65%

$2.6M scored (10% of gifts)

Spent on the losing side

$908K

Not allocated or result unknown

$22M

$21M not allocated to tracked outside spending; $1.3M has no matched result. Neither is cash on hand.

Where the checks went

A company, LLC or nonprofit. Where its money came from is not reported. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M check to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	How the group spent it	Won / lost
Fairshake $21M not allocated to tracked outside spending	$25M		$1.7M / $908K

The trail

What the money bought

The candidates Coinbase Commerce (Exchange)'s money was spent for or against, pro-rated by Coinbase Commerce (Exchange)'s share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Katherine Porter	California Senate (primary)	Attacking	$966K	Unknown
Michelle Steel	California 45th District	Supporting	$268K	✗ No
Don Davis	North Carolina 1st District	Supporting	$212K	✓ Yes
Yadira Caraveo	Colorado 8th District	Supporting	$211K	✗ No
Jamaal Bowman	New York 16th District (primary)	Attacking	$200K	Unknown
Pat Ryan	New York 18th District	Supporting	$191K	✓ Yes
Mary S. Peltola	Alaska at-large House seat	Supporting	$185K	✗ No
Young Kim	California 40th District	Supporting	$174K	✓ Yes
Steven Horsford	Nevada 4th District	Supporting	$166K	✓ Yes
Juan Ciscomani	Arizona 6th District	Supporting	$156K	✓ Yes
Lori Chavez-DeRemer	Oregon 5th District	Supporting	$146K	✗ No
Cori Bush	Missouri 1st District (primary)	Attacking	$135K	Unknown

Company / nonprofit as classified from the FEC entity type and public reporting.

Questions people ask

How much did Coinbase Commerce (Exchange) spend on the 2024 elections, and did it win?: Coinbase Commerce (Exchange) gave $25M to super PACs and other outside groups in the 2024 federal elections, and 52% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 65% were on the winning side ($1.7M won, $908K lost). $1.3M had no matched result and is excluded.
Which super PACs did Coinbase Commerce (Exchange) fund in 2024?: Fairshake ($25M).
Which candidates did Coinbase Commerce (Exchange)'s money end up backing or attacking in 2024?: against Katherine Porter (California Senate, about $966K, unknown); for Michelle Steel (California 45th District, about $268K, lost); for Don Davis (North Carolina 1st District, about $212K, won). Amounts are the donor's share of each group's spending.