Quid Pro Quo (QPQ) Tracker
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Entity DossierOrganization

Coinbase, Inc.

CA

Cryptocurrency exchange (Coinbase Global, Inc.). Largest single corporate funder of the Fairshake super-PAC network: $75.5M in federal political contributions in the 2024 FEC cycle, of which $68.5M went to Fairshake directly.

crypto

Tracked direct giving

$75,499,995

LDA reported lobbying spend

$1,110,000

Connections

19

The Money Trail

How money flowed from Coinbase, Inc.

$75.5M
12 transactions across 7 counterparties
sum of 12 tracked donations shown

Coinbase, Inc. directed $68.5M to Fairshake across 4 contributions between November 2023 and December 2024.

Nov 2023 – Dec 2024pac

Coinbase, Inc. directed $2.5M to Protect Progress across 2 contributions between December 2023 and December 2024.

Dec 2023 – Dec 2024corporate

Coinbase, Inc. directed $2.5M to Defend American Jobs across 2 contributions between December 2023 and December 2024.

Dec 2023 – Dec 2024pac

Coinbase, Inc. directed $500K to Senate Majority PAC.

Dec 2023corporate

Coinbase, Inc. directed $500K to SENATE LEADERSHIP FUND.

Dec 2023corporate

Coinbase, Inc. also gave to 2 other entities totaling $1.0M.

$75.5M tracked across 7 counterparties (sum of 12 tracked donations shown)
PAC Chain Attribution

Where Coinbase, Inc.’s money ended up

Attributed amounts are modeled estimates of how money flowed through intermediary PACs, computed by proportional apportionment of FEC-reported transactions. They are not reported transactions themselves. How we compute this

$44.6M
modeled estimate
98 paths across 50 counterparties
$14.1Mmodeled estimateattributed to Bernie Moreno
2024 cycle3 paths1–2 hopsMedium confidence
$12.9Mmodeled estimateCoinbase, Inc.→Fairshake→Defend American Jobs→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $17K

$1.1Mmodeled estimateCoinbase, Inc.→Defend American Jobs→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $17K

$16Kmodeled estimateCoinbase, Inc.→SENATE LEADERSHIP FUND→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $44K (larger than the modeled estimate: the leg carried money from other sources too)

$3.6Mmodeled estimateattributed to Katie Porter
2024 cycle1 path1 hopMedium confidence
$3.6Mmodeled estimateCoinbase, Inc.→Fairshake→Katie PortermediumOpposeindependent_expenditure

smallest single documented leg $5.0M (larger than the modeled estimate: the leg carried money from other sources too)

$2.1Mmodeled estimateattributed to Michelle Steel
2024 cycle3 paths1 hopMedium confidence
$2.1Mmodeled estimateCoinbase, Inc.→Fairshake→Michelle SteelmediumSupportindependent_expenditure

smallest single documented leg $2.8M (larger than the modeled estimate: the leg carried money from other sources too)

$15Kmodeled estimateCoinbase, Inc.→HOUSE MAJORITY PAC→Michelle SteelmediumOpposeindependent_expenditure

smallest single documented leg $13K

$853modeled estimateCoinbase, Inc.→Congressional Leadership Fund→Michelle SteelmediumSupportmultiple

smallest single documented leg $13K (larger than the modeled estimate: the leg carried money from other sources too)

$1.6Mmodeled estimateattributed to Yadira Caraveo
2024 cycle3 paths1 hopMedium confidence
$1.6Mmodeled estimateCoinbase, Inc.→Fairshake→Yadira CaraveomediumSupportindependent_expenditure

smallest single documented leg $1.9M (larger than the modeled estimate: the leg carried money from other sources too)

$15Kmodeled estimateCoinbase, Inc.→Congressional Leadership Fund→Yadira CaraveomediumOpposemultiple

smallest single documented leg $13K

$766modeled estimateCoinbase, Inc.→HOUSE MAJORITY PAC→Yadira CaraveomediumSupportmultiple

smallest single documented leg $12K (larger than the modeled estimate: the leg carried money from other sources too)

$1.5Mmodeled estimateattributed to Patrick Ryan
2024 cycle2 paths1 hopMedium confidence
$1.5Mmodeled estimateCoinbase, Inc.→Fairshake→Patrick RyanmediumSupportindependent_expenditure

smallest single documented leg $2.0M (larger than the modeled estimate: the leg carried money from other sources too)

$2Kmodeled estimateCoinbase, Inc.→Congressional Leadership Fund→Patrick RyanmediumOpposemultiple

smallest single documented leg $19K (larger than the modeled estimate: the leg carried money from other sources too)

$1.5Mmodeled estimateattributed to Mary Sattler Peltola
2024 cycle2 paths1 hopMedium confidence
$1.5Mmodeled estimateCoinbase, Inc.→Fairshake→Mary Sattler PeltolamediumSupportindependent_expenditure

smallest single documented leg $1.9M (larger than the modeled estimate: the leg carried money from other sources too)

$12Kmodeled estimateCoinbase, Inc.→Congressional Leadership Fund→Mary Sattler PeltolamediumOpposemultiple

smallest single documented leg $13K (larger than the modeled estimate: the leg carried money from other sources too)

$1.4Mmodeled estimateattributed to Young Kim
2024 cycle1 path1 hopMedium confidence
$1.4Mmodeled estimateCoinbase, Inc.→Fairshake→Young KimmediumSupportindependent_expenditure

smallest single documented leg $1.8M (larger than the modeled estimate: the leg carried money from other sources too)

$1.3Mmodeled estimateattributed to Steven Horsford
2024 cycle1 path1 hopMedium confidence
$1.3Mmodeled estimateCoinbase, Inc.→Fairshake→Steven HorsfordmediumSupportindependent_expenditure

smallest single documented leg $1.7M (larger than the modeled estimate: the leg carried money from other sources too)

Plus 42 additional chains totaling $17.5M.

$44.6M attributed (modeled estimate) across 98 paths·Up to 2 hops deep·Source FEC filings (Schedules A, B, E)·How we compute this

Lobbying Activity Detail

Disclosed lobbying expenditures from LDA filings where this entity is the client. Dollar amounts represent what was reported to the Senate Office of Public Records.

Top Lobbying Issues

FINFinancial Institutions/Investments
$2.9M
CPIComputer Industry
$400K

Lobbying Firms Retained

In-house lobbyists (filed as its own registrant)$2.1M
FRANKLIN SQUARE GROUP, LLC$400K
PORTERFIELD, FETTIG & SEARS, LLC$120K
THE MADISON GROUP$30K

Bills Referenced in Lobbying Filings

S. 1582H.R. 4763

Lobbying data from Senate LDA filings and the LobbyView dataset (MIT/NSF, CC-BY-4.0). Dollar figures represent disclosed expenditures only and may not capture all influence activity. Issue codes follow the LDA general issue classification.

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Donations Given and Outside Spending

Largest 50 records. Rows badged “Spent to support” or “Spent to oppose” are independent expenditures this entity paid to vendors for or against the named candidate. That money was not given to them.

RecipientAmountDateCycle
Fairshake$24,999,995May 30, 20242024
Fairshake$23,000,000Dec 20, 20242024
Fairshake$15,500,000Dec 20, 20232024
Fairshake$5,000,000Nov 3, 20232024
Protect Progress$1,500,000Dec 22, 20232024
Defend American Jobs$1,500,000Dec 22, 20232024
Protect Progress$1,000,000Dec 17, 20242024
Defend American Jobs$1,000,000Dec 18, 20242024
Congressional Leadership Fund$500,000Mar 20, 20242024
SENATE LEADERSHIP FUND$500,000Dec 22, 20232024
Senate Majority PAC$500,000Dec 22, 20232024
HOUSE MAJORITY PAC$500,000Dec 20, 20232024

Relationships

TypeConnected ToDetailsSource
RetainedPORTERFIELD, FETTIG & SEARS, LLCHired PORTERFIELD, FETTIG & SEARS, LLC to lobby on FIT21Source
RetainedFRANKLIN SQUARE GROUP, LLCHired FRANKLIN SQUARE GROUP, LLC to lobby on FIT21Source
Lobbied onGENIUS Act, Guiding and Establishing National Innovation for U.S. Stablecoins (S.394)LDA filing: lobbied on GENIUS Act, period 2nd Quarter (Apr 1 - June 30), reported amount $80,000Source
RetainedTHE MADISON GROUPHired THE MADISON GROUP to lobby on Crypto / Digital AssetsSource
RetainedtheGroup DCHired this firm to lobby on H.R. 4763Source
Lobbied onFinancial Innovation and Technology for the 21st Century Act (FIT21, H.R.4763)LDA filing: lobbied on FIT21, period 3rd Quarter (July 1 - Sep 30), reported amount $60,000Source
RetainedTIGER HILL PARTNERS LLCHired TIGER HILL PARTNERS LLC to lobby on Crypto / Digital AssetsSource
Funded research atCOIN CENTER INC.Major corporate funder of Coin Center crypto policy researchEditorial
Commented onOffice of the Comptroller of the CurrencyPublic comment on OCC-2019-0028: National Bank and Federal Savings Association Digital ActivitiesSource
Commented onConsumer Financial Protection BureauPublic comment on CFPB-2023-0053: Defining Larger Participants of a Market for General-Use Digital Consumer Payment ApplicationsSource
Commented onFinancial Crimes Enforcement NetworkPublic comment on FINCEN-2020-0020: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital AssetsSource
RetainedTHEGROUP DC, LLCHired THEGROUP DC, LLC to lobby on FIT21Source
BenefitedDismissal of SEC v. CoinbaseCivil enforcement action against Coinbase dismissed with prejudiceSource
RetainedBATIE & ASSOCIATES, LLCHired BATIE & ASSOCIATES, LLC to lobby on FIT21Source
Funded research atBLOCKCHAIN ASSOCIATIONMember of Blockchain AssociationEditorial
Lobbied onSecurities and Exchange CommissionCoinbase lobbied the SEC for regulatory clarity on crypto assetsEditorial
Donated toFairshakeCoinbase contributed $68,499,995 to Fairshake across the 2024 FEC cycle (in-kind USDC): $5M 2023-11-03, $15.5M 2023-12-20, $24,999,995 2024-05-30, $23M 2024-12-20.Source
Gave money toFairshakeCoinbase contributed $68,499,995 to Fairshake across the 2024 FEC cycle (in-kind USDC): $5M 2023-11-03, $15.5M 2023-12-20, $24,999,995 2024-05-30, $23M 2024-12-20.Source
EmployedBrian BrooksBrian Brooks served as Coinbase Chief Legal Officer (2018-2020) before becoming Acting Comptroller of the CurrencySource