Donor
Coinbase Commerce (Exchange)
Company / nonprofitCalifornia
1 gift to 1 group, as reported to the FEC by the groups that received them.
Coinbase Commerce (Exchange) gave $25M to super PACs and other outside groups in the 2024 federal elections, and 66% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($4.5M won, $1.4M lost).
Gave to outside spenders
$25M
66% of it helped Republicans
Ended up on the winning side
77%
$4.5M of the dollars in races already called
Spent on the losing side
$1.4M
Not spent yet
$19M
Sitting with groups that have not spent
Where the cheques 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 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 | How the group spent it | Won / lost |
|---|---|---|---|
| Fairshake $19M not spent yet | $25M | $4.5M / $1.4M |
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 | $1.4M | ✓ Yes |
| Michelle Steel | California 45th District | Supporting | $401K | ✗ No |
| Don Davis | North Carolina 1st District (primary) | Supporting | $328K | ✓ Yes |
| Yadira Caraveo | Colorado 8th District (primary) | Supporting | $326K | ✓ Yes |
| Jamaal Bowman | New York 16th District (primary) | Attacking | $299K | ✓ Yes |
| Pat Ryan | New York 18th District | Supporting | $286K | ✓ Yes |
| Mary S. Peltola | Alaska at-large House seat | Supporting | $277K | ✗ No |
| Young Kim | California 40th District (primary) | Supporting | $276K | ✓ Yes |
| Steven Horsford | Nevada 4th District (primary) | Supporting | $264K | ✓ Yes |
| Juan Ciscomani | Arizona 6th District | Supporting | $233K | ✓ Yes |
| Lori Chavez-DeRemer | Oregon 5th District | Supporting | $218K | ✗ No |
| Cori Bush | Missouri 1st District (primary) | Attacking | $202K | ✓ Yes |
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 66% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 77% ended up on the winning side ($4.5M won, $1.4M lost).
- 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 $1.4M, won); for Michelle Steel (California 45th District, about $401K, lost); for Don Davis (North Carolina 1st District, about $328K, won). Amounts are the donor's share of each group's spending.