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[MONEY FLOW] CHAIN 7 HOPS 1 VANISH
// Money-flow chain

Coinbase corporate treasury → Fairshake super-PAC → Senate crypto winners → GENIUS Act

Documented totalUSD $45.00M
As of2024-11-05
Confidence[SECONDARY]
// Source

Coinbase corporate funds flow into the Fairshake super-PAC and its affiliates, which spend in primaries and general elections to elect or protect senators who then sponsor and vote for the GENIUS Act stablecoin framework — legislation that materially benefits Coinbase's listed-stablecoin custody and exchange business.

// Flow Diagram
$45.00MDonationundisclosedOther (see note)undisclosedDonationundisclosedOther (see note)undisclosedDonationundisclosedOther (see note)undisclosedDonationCoinbaseFairshakeProtect Progress⛔Bill HagertyGENIUS ActCynthia LummisKirstenGillibrand
// Hops
1
Donation · primary · 2024-11-05
Coinbase → Fairshake
USD $45.00M (Aggregated Coinbase corporate contributions to the Fairshake super-PAC across the 2023-2024 cycle.)
2
Other (see note) · secondary · 2024-06-30
Fairshake → Protect Progress
USD — (Internal transfer from Fairshake to its Democratic-side affiliate Protect Progress. Strategic-control coordination between the two committees is not separately disclosed.)
⛔ Vanish point — Disclosure not filed
FEC filings disclose the gross transfer amount but not the strategic basis on which the parent PAC allocates between affiliates. The selection criteria for which races each affiliate spends in are not disclosed.
3
Donation · secondary · 2024-11-05
Fairshake → Bill Hagerty
USD — (Independent expenditures benefiting Senator Hagerty, the lead GENIUS Act sponsor.)
4
Other (see note) · primary · 2024-04-17
Bill Hagerty → GENIUS Act
USD — (Hagerty introduces and shepherds the GENIUS Act, codifying a stablecoin regulatory framework that benefits the donor's exchange and custody business.)
5
Donation · secondary · 2024-11-05
Fairshake → Cynthia Lummis
USD — (Independent expenditures and engagement benefiting Senator Lummis, the Senate's lead crypto advocate and a GENIUS Act co-sponsor.)
6
Other (see note) · primary · 2024-04-17
Cynthia Lummis → GENIUS Act
USD — (Lummis joins the GENIUS Act as a co-sponsor at introduction and remains the bill's most public Senate champion.)
7
Donation · secondary · 2024-11-05
Fairshake → Kirsten Gillibrand
USD — (PAC engagement with Sen. Gillibrand, Democratic co-author of the predecessor Lummis-Gillibrand framework and engaged on stablecoin language during the GENIUS Act process.)
[PUBLIC COST ESTIMATE]
At least $45.0M in documented public funds flow through entities connected to this profile.
$45.0MContract Value
1Money Chains
1Traced Hops
Calculation Methodology

Contract values are summed from documented money flow chains where this entity appears as a source or destination node. Amounts are drawn from USASpending.gov, FEC filings, SEC EDGAR, or LD-2 lobbying registrations.

Donor contributions aggregate documented amounts from the donor_interests table, sourced from FEC individual and PAC contribution filings.

Connected officials are elected officials in our database with a mapped relationship (lobbying, board membership, campaign contribution, etc.) to this entity.

Annualised flow represents the total documented dollar amount traced through money flow hops involving this entity. Where hop-level amounts are unavailable, the chain-level documented total is used as a conservative upper bound.

All figures are drawn from public filings. Estimates are conservative — undisclosed transactions, dark money, and vanish-point hops are excluded from totals. This is a minimum documented floor, not a ceiling.

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