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Public Citizen and crypto critic Molly White have filed a complaint with the Federal Election Commission (FEC) alleging that cryptocurrency exchange Coinbase violated campaign finance laws. The complaint claims that Coinbase donated $25.5 million to the pro-crypto Fairshake Super PAC while negotiating a federal contract, which is prohibited for contractors. Coinbase's Chief Legal Officer, Paul Grewal, has denied these allegations, asserting that Coinbase is not a contractor and therefore did not violate any laws. The complaint also involves the cryptocurrency $COIN.
The @SECGov is pushing back against @Coinbase’s subpoena requests, calling them “breathtakingly broad” and a “blatant impropriety.” https://t.co/puvE849RM5
SEC RESISTS COINBASE’S DEMAND FOR GARY GENSLER’S EMAILS IN ONGOING LEGAL BATTLE The US SEC opposed Coinbase's request for access to SEC communications, including emails from Chairman Gary Gensler. Key Points: - The SEC claims Coinbase’s requests are overly broad and invasive.… https://t.co/oopjTmSuSu https://t.co/wM4PhKqn2j
Coinbase violated campaign finance laws when it donated $25.5 million to political action committees while negotiating a federal contract, prominent crypto critics told a federal election watchdog — a claim the firm's legal chief has staunchly denied. https://t.co/RBPBOrMzdq
