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.
Once again, with feeling. Repeating misrepresentations of facts after previously being put on notice is …. unwise. https://t.co/XY4UFMGhGF https://t.co/73w6Alaigg
— paulgrewal.eth (@iampaulgrewal) October 31, 2024
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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