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Coinbase Chief Legal Officer Paul Grewal has responded to the news of the FEC complaint by suggesting I have some shadowy backers funding me.
He’s also complained that we accused Coinbase of having partisan bias in who they support, something we did not allege or imply. We single out the donation to the Congressional Leadership Fund and not its Democratic equivalent because only the former happened within the prohibited period.
#crypto #cryptocurrency #Coinbase #Fairshake #USpol #USpolitics
As I wrote in my earlier thread, these $25.5 million in illegal contributions ($25 million to crypto super PAC Fairshake and $500K to House Republicans) would be the largest campaign finance violation by a federal contractor by a significant margin:
https://hachyderm.io/@molly0xfff/112877515892173876
#crypto #cryptocurrency #Coinbase #Fairshake #USpol #USpolitics
Last week, Public Citizen’s Rick Claypool and I filed a complaint with the Federal Election Commission based on my research into apparent campaign finance violations by the Coinbase cryptocurrency exchange.
Read the full complaint and my updated article.
Complaint: https://www.citizen.org/article/coinbase-fec-complaint/
Updated article: https://www.citationneeded.news/coinbase-campaign-finance-violation/
#crypto #cryptocurrency #Coinbase #Fairshake #USpol #USpolitics
Coinbase appears to have violated campaign finance laws with a $25 million super PAC donation
Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake cryptocurrency-focused super PAC in May 2024.Molly White (Citation Needed)
Coinbase’s Chief Legal Officer called my research “misinformation”, claiming that Coinbase is not a federal contractor despite its multi-million dollar federal contract.
I look forward to the FEC enforcing its longstanding prohibitions against “pay-to-play”.
#crypto #cryptocurrency #Coinbase #Fairshake #USpol #USpolitics
Coinbase Chief Legal Officer Paul Grewal weighed in on my reporting about the company’s apparent campaign finance violations, arguing that Coinbase is not a federal contractor.
I have updated the article to include his comments, and I’ve also noted that this argument does not seem to square with the law.
The article, with these updates, is here: https://citationneeded.news/coinbase-campaign-finance-violation/
More to come soon.
#CitationNeeded #Fairshake #Coinbase #USpolitics #USpol #crypto #cryptocurrency
Coinbase appears to have violated campaign finance laws with a $25 million super PAC donation
Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake crypto super PAC in May 2024.Molly White (Citation Needed)