Coinbase denies accusations of violating campaign finance laws
2024-08-02 12:33:26
In a July 31 report, prominent cryptocurrency skeptic Molly White claimed that Coinbase's donation to the Fairshake crypto super PAC while it was actively negotiating a contract with the federal government appeared to violate campaign finance laws.
Paul Grewal, Coinbase's chief legal officer, called the allegations "misinformation" and said Coinbase was not a federal contractor and was therefore exempt from certain campaign finance regulations under the "literal language" clause of Code of Federal Regulations 111.51.
Paul Grewal, Coinbase's chief legal officer, called the allegations "misinformation" and said Coinbase was not a federal contractor and was therefore exempt from certain campaign finance regulations under the "literal language" clause of Code of Federal Regulations 111.51.
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