Which super PACs did Coinbase fund in 2024?

Fairshake ($68M), Protect Progress ($2.5M), Defend American Jobs ($2.5M), Future Forward (FF PAC) ($1.0M), House Majority PAC ($500K).

Which candidates did Coinbase's money end up backing or attacking in 2024?

against Katherine Porter (California Senate, about $4.0M, won); for Bernard F. Moreno (Ohio Senate, about $1.7M, won); for Michelle Steel (California 45th District, about $1.1M, lost). Amounts are the donor's share of each group's spending.

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Donor

Coinbase

Company

California

13 gifts to 8 groups, as reported to the FEC by the groups that received them.

Winner

Coinbase gave $76M to super PACs and other outside groups in the 2024 federal elections, and 60% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 78% ended up on the winning side ($18M won, $5.1M lost).

Gave to outside spenders

$76M

60% of it helped Republicans

Ended up on the winning side

78%

$18M of the dollars in races already called

Spent on the losing side

$5.1M

Not spent yet

$53M

Sitting with groups that have not spent

Where the cheques went

A company giving straight from its treasury, which super PACs may accept. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque 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	Won / lost
Fairshake $52M not spent yet	$68M	$12M / $3.7M
Protect Progress	$2.5M	$2.2M / $0
Defend American Jobs	$2.5M	$2.5M / $0
Future Forward (FF PAC) $111K not spent yet	$1.0M	$0 / $888K
House Majority PAC $97K not spent yet	$500K	$211K / $180K
Congressional Leadership Fund $44K not spent yet	$500K	$257K / $196K
Senate Leadership Fund $101K not spent yet	$500K	$285K / $115K
Bold America $2K not spent yet	$10K	$7K / $1K

The trail

What the money bought

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

Candidate	Race	Spending	Their share	Paid off?
Katherine Porter	California Senate (primary)	Attacking	$4.0M	✓ Yes
Bernard F. Moreno	Ohio Senate	Supporting	$1.7M	✓ Yes
Michelle Steel	California 45th District	Supporting	$1.1M	✗ No
Don Davis	North Carolina 1st District (primary)	Supporting	$898K	✓ Yes
Yadira Caraveo	Colorado 8th District (primary)	Supporting	$895K	✓ Yes
Kamala Harris	President	Supporting	$887K	✗ No
Jamaal Bowman	New York 16th District (primary)	Attacking	$818K	✓ Yes
Pat Ryan	New York 18th District	Supporting	$782K	✓ Yes
Mary S. Peltola	Alaska at-large House seat	Supporting	$759K	✗ No
Young Kim	California 40th District (primary)	Supporting	$757K	✓ Yes
Elissa Slotkin	Michigan Senate	Supporting	$728K	✓ Yes
Ruben Gallego	Arizona Senate	Supporting	$727K	✓ Yes

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

Questions people ask

How much did Coinbase spend on the 2024 elections, and did it win?: Coinbase gave $76M to super PACs and other outside groups in the 2024 federal elections, and 60% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 78% ended up on the winning side ($18M won, $5.1M lost).
Which super PACs did Coinbase fund in 2024?: Fairshake ($68M), Protect Progress ($2.5M), Defend American Jobs ($2.5M), Future Forward (FF PAC) ($1.0M), House Majority PAC ($500K).
Which candidates did Coinbase's money end up backing or attacking in 2024?: against Katherine Porter (California Senate, about $4.0M, won); for Bernard F. Moreno (Ohio Senate, about $1.7M, won); for Michelle Steel (California 45th District, about $1.1M, lost). Amounts are the donor's share of each group's spending.