Coinbase Faces Scrutiny Over $25M Donation to Fairshake PAC
- Coinbase announces a donation of $25 million to Fairshake PAC.
- Molly White alleges that Coinbase’s Fairshake PAC donation violates the campaign finance laws.
- Chief Legal Officer Paul Grewal dismisses the allegations as a misrepresentation of facts.
Coinbase’s recent $25 million donation to Fairshake PAC has drawn criticism, with crypto researcher Molly White alleging the move violates pay-to-play laws for federal contractors. White contends that Coinbase, as a federal contractor, should not be involved in political donations. Coinbase’s Chief Legal Officer Paul Grewal responded to the claims, dismissing them as misinformation.
In an X post, Coinbase CEO Brian Armstrong announced the company’s $25 million contribution to Fairshake PAC, a bipartisan political action committee supporting both Democrats and Republicans. Armstrong affirmed that the donation aims to strengthen crypto representation in Congress and encourage a favorable re…
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Coinbase Faces Scrutiny Over $25M Donation to Fairshake PAC
- Coinbase announces a donation of $25 million to Fairshake PAC.
- Molly White alleges that Coinbase’s Fairshake PAC donation violates the campaign finance laws.
- Chief Legal Officer Paul Grewal dismisses the allegations as a misrepresentation of facts.
Coinbase’s recent $25 million donation to Fairshake PAC has drawn criticism, with crypto researcher Molly White alleging the move violates pay-to-play laws for federal contractors. White contends that Coinbase, as a federal contractor, should not be involved in political donations. Coinbase’s Chief Legal Officer Paul Grewal responded to the claims, dismissing them as misinformation.
In an X post, Coinbase CEO Brian Armstrong announced the company’s $25 million contribution to Fairshake PAC, a bipartisan political action committee supporting both Democrats and Republicans. Armstrong affirmed that the donation aims to strengthen crypto representation in Congress and encourage a favorable re…
The post Coinbase Faces Scrutiny Over $25M Donation to Fairshake PAC appeared first on Coin Edition.
Read More