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As an active federal contractor, Coinbase is prohibited from making political contributions, including to super PACs. This makes $50 million that they have contributed in violation of pay-to-play laws for contractors.

#Coinbase #crypto #cryptocurrency #USpolitics #USpol

Tweet by Brian Armstrong @brian_armstrong We get the U.S. election results in 6 days, and no matter how you slice it, it will be the most pro-crypto congress ever. But we're not slowing down post-election. Today I'm announcing that @coinbase has committed another $25M to support Fairshake PAC, which they will use leading up to the 2026 midterms to elect pro-crypto candidates. We're also supporting @standwithcrypto in their stretch goal to reach 4m advocates by the 2026 midterms. The crypto voter is already a force to be reckoned with, but it will continue to grow. We're going to keep showing up to protect our customer's rights and help get sensible legislation passed in major markets around the world.
#uspol #crypto #uspolitics #cryptocurrency #coinbase
in reply to Molly White

Molly White
Molly White
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See my reporting on their previous violation, which is being reviewed by the FEC: citationneeded.news/coinbase-c…

#Coinbase #crypto #cryptocurrency #USpolitics #USpol


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)
#uspol #crypto #uspolitics #cryptocurrency #coinbase
in reply to Molly White

Molly White
Molly White
• •
The $50 million is just their illegal contributions, by the way. Coinbase has spent around $75 million on this election cycle in total.
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