← Who's Funding What

Funding relationship network

Disclosed relationships between donors, businesses, political action committees and candidates, drawn from official FEC and SEC filings. Every edge below carries the transaction or filing it came from, and every figure is the amount that one filing reports.

What a path through this graph does not mean

  • No dollar is traced from one edge to the next. A contribution to a committee and that committee's later spending are separate filings. Nothing here earmarks money through a chain, and no figure on this page adds two edges together.
  • Independent expenditures are not money a candidate received. They are spending a committee reported making on its own, and they are not evidence of coordination or influence.
  • Contributor labels are not resolved companies. A name on a filing is scoped to that filing. Nodes marked “as filed” have not been matched to a registered legal entity, and nothing here merges an FEC name with an SEC one.
  • Ownership edges are dated snapshots. A reported beneficial-ownership position is what one filing stated on one date, per share class, and it may be held through a trust or another vehicle rather than outright. How each position is held is printed with it. It is not a percentage, not control, and not a current holding.
  • Amounts are selected transactions. They are the records this import covers, not lifetime or election-cycle totals.

Source state

Reported state
partial
Entities imported
17
Observations imported
92
Stale sources
0

The graph

  • Donor
  • Business
  • PAC / committee
  • Politician
  • Dashed: label scoped to one filing, not a resolved legal identity

The diagram is a summary and rounds its labels. The tables below carry the full names, the exact amounts and every source link, and are the record.

Filters

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Filters are applied by the API, so a filtered view pages only the rows it asks for. The entity list is the full set of entities, not only the ones in the current view.

Relationships

Every relationship in the graph above. Each amount is that relationship's own total; the column is never added up, because the rows are different stages of different filings.
FromRelationshipToApplies toReported on this edge
Armstrong Brian (SEC reporting owner; FEC donor identity unlinked)Historical reported beneficial ownershipCoinbase Global, Inc.2025-08-12526 shares_Class_A · 22831225 shares_Class_B
COINBASE (FEC contributor label)Reported contribution or transferFAIRSHAKE2023-11-03$5,000,000.00
COINBASE (FEC contributor label)Reported contribution or transferFAIRSHAKE2024-05-30$24,999,995.00
ARMSTRONG, BRIAN DAVID (FEC disclosed donor)Reported contribution or transferFAIRSHAKE2023-09-15$1,000,000.00
FAIRSHAKEReported contribution or transferPROTECT PROGRESS2024-08-21$10,000,000.00
PROTECT PROGRESSIndependent expenditure supportingCHERNY, ANDREI2024-07-18 to 2024-07-26$415,283.00
PROTECT PROGRESSIndependent expenditure supportingANSARI, YASSAMIN2024-07-15 to 2024-07-31$1,367,647.00
PROTECT PROGRESSIndependent expenditure supportingGALLEGO, RUBEN M. REP.2024-08-28 to 2024-09-18$10,039,655.00
COMMONWEALTH UNITY FUNDIndependent expenditure supportingDEATON, JOHN2024-07-24 to 2024-11-02$1,703,292.79

Armstrong Brian (SEC reporting owner; FEC donor identity unlinked) Coinbase Global, Inc.

Historical reported beneficial ownership (owns)

Beneficial ownership reported on an SEC Form 4, as of the filing's stated date.

Not legal title, not a percentage, not control, and not a current holding.

Applies to
2025-08-12
Verification
verified
Observations
2

How this position is held, as filed

  • Class A Common Stock: Held indirectly, as filed: By The Brian Armstrong Living Trust Position as of 2025-08-12.
  • Class B Common Stock: Held indirectly, as filed: By The Brian Armstrong Living Trust Position as of 2025-08-12.

Reported in the same filing and left out of the figures above

  • Class B Common Stock, The Ehrsam 2014 Irrevocable Trust: The reporting owner disclaims beneficial ownership of it, so it is not counted here. Filing footnotes: F10, F3.

Reviewer's note on this filing: Reviewed Form 4 per-class final post-transaction positions held indirectly by The Brian Armstrong Living Trust on August 12, 2025. Intermediate balances are not summed. Ehrsam trust position is excluded because the reporting owner disclaims beneficial ownership except any pecuniary interest. This is not a current balance, a percentage, or evidence that the SEC identities equal the separately scoped FEC contributor labels.

Link to the FEC identities: unresolved; no person or company name-only merge

Beneficial ownership, Class A shares

No total. Reported positions on a date, not flows. Adding them would invent a figure no filing states.

  • Held indirectly, as filed: By The Brian Armstrong Living Trust Position as of 2025-08-12.
Receipts for beneficial ownership, class a shares on this relationship
As ofValueReporting periodVerificationSource
2025-08-12526 shares_Class_ANo reporting period statedverifiedPrimary source

Beneficial ownership, Class B shares

No total. Reported positions on a date, not flows. Adding them would invent a figure no filing states.

  • Held indirectly, as filed: By The Brian Armstrong Living Trust Position as of 2025-08-12.
Receipts for beneficial ownership, class b shares on this relationship
As ofValueReporting periodVerificationSource
2025-08-1222831225 shares_Class_BNo reporting period statedverifiedPrimary source

COINBASE (FEC contributor label) FAIRSHAKE

Reported contribution or transfer (contributes_to)

A contribution or committee transfer as filed with the FEC, on the disclosed transaction date.

Not ownership, not coordinated spending, and not a trace of these dollars onward.

Applies to
2023-11-03
Verification
verified
Observations
1

Reviewed interpretation: Exact disclosed contributor label and entity type, recipient committee ID, native transaction ID, amount/date, and original current singleton filing chain inspected. This is an as-filed contribution/transfer, not ownership, coordinated spending or traced onward dollars.

Reported contribution

$5,000,000.00

Receipts for reported contribution on this relationship
As ofValueReporting periodVerificationSource
2023-11-03$5,000,000.00No reporting period statedverifiedPrimary source

COINBASE (FEC contributor label) FAIRSHAKE

Reported contribution or transfer (contributes_to)

A contribution or committee transfer as filed with the FEC, on the disclosed transaction date.

Not ownership, not coordinated spending, and not a trace of these dollars onward.

Applies to
2024-05-30
Verification
verified
Observations
1

Reviewed interpretation: Exact disclosed contributor label and entity type, recipient committee ID, native transaction ID, amount/date, and original current singleton filing chain inspected. This is an as-filed contribution/transfer, not ownership, coordinated spending or traced onward dollars.

Reported contribution

$24,999,995.00

Receipts for reported contribution on this relationship
As ofValueReporting periodVerificationSource
2024-05-30$24,999,995.00No reporting period statedverifiedPrimary source

ARMSTRONG, BRIAN DAVID (FEC disclosed donor) FAIRSHAKE

Reported contribution or transfer (contributes_to)

A contribution or committee transfer as filed with the FEC, on the disclosed transaction date.

Not ownership, not coordinated spending, and not a trace of these dollars onward.

Applies to
2023-09-15
Verification
verified
Observations
1

Reviewed interpretation: Exact disclosed contributor label and entity type, recipient committee ID, native transaction ID, amount/date, and original current singleton filing chain inspected. This is an as-filed contribution/transfer, not ownership, coordinated spending or traced onward dollars.

Reported contribution

$1,000,000.00

Receipts for reported contribution on this relationship
As ofValueReporting periodVerificationSource
2023-09-15$1,000,000.00No reporting period statedverifiedPrimary source

FAIRSHAKE PROTECT PROGRESS

Reported contribution or transfer (contributes_to)

A contribution or committee transfer as filed with the FEC, on the disclosed transaction date.

Not ownership, not coordinated spending, and not a trace of these dollars onward.

Applies to
2024-08-21
Verification
verified
Observations
1

Reviewed interpretation: Exact disclosed contributor label and entity type, recipient committee ID, native transaction ID, amount/date, and original current singleton filing chain inspected. This is an as-filed contribution/transfer, not ownership, coordinated spending or traced onward dollars.

Reported contribution

$10,000,000.00

Receipts for reported contribution on this relationship
As ofValueReporting periodVerificationSource
2024-08-21$10,000,000.00No reporting period statedverifiedPrimary source

PROTECT PROGRESS CHERNY, ANDREI

Independent expenditure supporting (spends_supporting)

Money the committee reported spending independently in support of the candidate.

Not a contribution received by the candidate, and not evidence of influence or coordination.

Applies to
2024-07-18 to 2024-07-26
Verification
verified
Observations
3

Reviewed interpretation: Independent expenditure; not a contribution received by the candidate and not proof of influence

Independent expenditure · 3 observations, 2024-07-18 to 2024-07-26

$415,283.00 — this edge only. Not added to any other edge on this page.

Receipts for independent expenditure on this relationship
As ofValueReporting periodVerificationSource
2024-07-18$300,000.002024-07-18 to 2024-07-18verifiedPrimary source
2024-07-18$100,000.002024-07-18 to 2024-07-18verifiedPrimary source
2024-07-26$15,283.002024-07-26 to 2024-07-26verifiedPrimary source

PROTECT PROGRESS ANSARI, YASSAMIN

Independent expenditure supporting (spends_supporting)

Money the committee reported spending independently in support of the candidate.

Not a contribution received by the candidate, and not evidence of influence or coordination.

Applies to
2024-07-15 to 2024-07-31
Verification
verified
Observations
2

Reviewed interpretation: Independent expenditure; not a contribution received by the candidate and not proof of influence

Independent expenditure · 2 observations, 2024-07-15 to 2024-07-31

$1,367,647.00 — this edge only. Not added to any other edge on this page.

Receipts for independent expenditure on this relationship
As ofValueReporting periodVerificationSource
2024-07-31$14,650.002024-07-31 to 2024-07-31verifiedPrimary source
2024-07-15$1,352,997.002024-07-15 to 2024-07-15verifiedPrimary source

PROTECT PROGRESS GALLEGO, RUBEN M. REP.

Independent expenditure supporting (spends_supporting)

Money the committee reported spending independently in support of the candidate.

Not a contribution received by the candidate, and not evidence of influence or coordination.

Applies to
2024-08-28 to 2024-09-18
Verification
verified
Observations
5

Reviewed interpretation: Independent expenditure; not a contribution received by the candidate and not proof of influence

Independent expenditure · 5 observations, 2024-08-28 to 2024-09-18

$10,039,655.00 — this edge only. Not added to any other edge on this page.

Receipts for independent expenditure on this relationship
As ofValueReporting periodVerificationSource
2024-09-18$24,851.002024-09-18 to 2024-09-18verifiedPrimary source
2024-08-30$14,700.002024-08-30 to 2024-08-30verifiedPrimary source
2024-08-28$3,523,216.002024-08-28 to 2024-08-28verifiedPrimary source
2024-09-06$4,098,603.002024-09-06 to 2024-09-06verifiedPrimary source
2024-09-18$2,378,285.002024-09-18 to 2024-09-18verifiedPrimary source

COMMONWEALTH UNITY FUND DEATON, JOHN

Independent expenditure supporting (spends_supporting)

Money the committee reported spending independently in support of the candidate.

Not a contribution received by the candidate, and not evidence of influence or coordination.

Applies to
2024-07-24 to 2024-11-02
Verification
verified
Observations
17

Reviewed interpretation: Independent expenditure; not a contribution received by the candidate and not proof of influence

Independent expenditure · 17 observations, 2024-07-24 to 2024-11-02

$1,703,292.79 — this edge only. Not added to any other edge on this page.

Receipts for independent expenditure on this relationship
As ofValueReporting periodVerificationSource
2024-08-06$9,086.902024-08-06 to 2024-08-06verifiedPrimary source
2024-08-07$144,118.642024-08-07 to 2024-08-07verifiedPrimary source
2024-11-02$2,231.382024-11-02 to 2024-11-02verifiedPrimary source
2024-07-24$4,501.002024-07-24 to 2024-07-24verifiedPrimary source
2024-11-02$1,250.002024-11-02 to 2024-11-02verifiedPrimary source
2024-08-28$38,660.792024-08-28 to 2024-08-28verifiedPrimary source
2024-09-07$814.002024-09-07 to 2024-09-07verifiedPrimary source
2024-09-05$3,619.002024-09-05 to 2024-09-05verifiedPrimary source
2024-08-21$4,950.002024-08-21 to 2024-08-21verifiedPrimary source
2024-08-06$500,000.002024-08-06 to 2024-08-06verifiedPrimary source
2024-09-05$325,000.002024-09-05 to 2024-09-05verifiedPrimary source
2024-08-29$8,029.922024-08-29 to 2024-08-29verifiedPrimary source
2024-09-19$37,500.002024-09-19 to 2024-09-19verifiedPrimary source
2024-08-21$1,419.502024-08-21 to 2024-08-21verifiedPrimary source
2024-08-28$21,212.132024-08-28 to 2024-08-28verifiedPrimary source
2024-07-24$304,382.002024-07-24 to 2024-07-24verifiedPrimary source
2024-08-07$296,517.532024-08-07 to 2024-08-07verifiedPrimary source

Entities

Published findings below match the exact canonical identity, not the displayed name. These links do not establish a funding-related contradiction.

Every entity in the graph above, with the identifiers that scope it and the source it came from. 17 nodes.
EntityClassIdentityIdentifiersSource
CHERNY, ANDREIpoliticianverifiedfec_candidate: H4AZ01202fec
ANSARI, YASSAMINpoliticianverifiedfec_candidate: H4AZ03109fec
GALLEGO, RUBEN M. REP.politicianverifiedfec_candidate: S4AZ00139fec
DEATON, JOHNpoliticianverifiedfec_candidate: S4MA00358fec
PFIZER INC. PACcommitteeverifiedfec_committee: C00016683fec
PHARMACEUTICAL RESEARCH & MANUFACTURERS OF AMERICA BETTER GOVERNMENT COMMITTEEcommitteeverifiedfec_committee: C00021972fec
AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE (API PAC)committeeverifiedfec_committee: C00483677fec
FAIRSHAKEcommitteeverifiedfec_committee: C00835959fec
DEFEND AMERICAN JOBScommitteeverifiedfec_committee: C00836221fec
PROTECT PROGRESScommitteeverifiedfec_committee: C00848440fec
COMMONWEALTH UNITY FUNDcommitteeverifiedfec_committee: C00875856fec
PUBLIC FIRSTcommitteeverifiedfec_committee: C00930503fec
PUBLIC FIRST ACTION INC.committeeverifiedfec_committee: C30003586fec
COINBASE (FEC contributor label)businessverified — label as filed in this committee's records, not matched to a registered legal entityfec_reviewed_contributor_label: C00835959:COINBASEfec
ARMSTRONG, BRIAN DAVID (FEC disclosed donor)donorverified — label as filed in this committee's records, not matched to a registered legal entityfec_reviewed_contributor_label: C00835959:ARMSTRONG, BRIAN DAVIDfec
Coinbase Global, Inc.businessverifiedsec_cik: 1679788sec
Armstrong Brian (SEC reporting owner; FEC donor identity unlinked)donorverifiedsec_cik: 1851492sec