The crypto-world heavyweight Brian Armstrong, his exchange Coinbase Global, and the super PACs they fund haven’t given anything to Trump’s campaign yet. Nor have they donated to his opponent, Vice President Kamala Harris. Instead, they’re pursuing a strategy of targeted donations to congressional campaigns, in ways that are shaking up races across the country. Their money and lobbying influence also appear to be helping to put crypto firmly on the political agenda.
“Having money, unfortunately, is a big part of the way government works in the US,” Armstrong, the billionaire co-founder and chief executive officer of Coinbase, explained during an August interview on the Moment of Zen podcast. Coinbase didn’t make Armstrong available for an interview with Bloomberg.