Molly

<ul class="wp-block-list">
 <li><strong>Coinbase announces a donation of $25 million to Fairshake PAC.&nbsp; </strong></li>
 <li><strong>Molly White alleges that Coinbase’s Fairshake PAC donation violates the campaign finance laws.</strong></li>
 <li><strong>Chief Legal Officer Paul Grewal dismisses the allegations as a misrepresentation of facts.</strong></li>
</ul>
<p>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.</p>
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   <p lang="en" dir="ltr">Once again, with feeling. Repeating misrepresentations of facts after previously being put on notice is …. unwise. <a href="https://t.co/XY4UFMGhGF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/XY4UFMGhGF</a> <a href="https://t.co/73w6Alaigg" target="_blank" rel="noopener noreferrer nofollow">https://t.co/73w6Alaigg</a></p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1851778713412919568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2024</a>
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<p>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…</p>
<p>The post <a href="https://coinedition.com/coinbase-faces-scrutiny-over-25m-donation-to-fairshake-pac/" rel="noopener noreferrer nofollow">Coinbase Faces Scrutiny Over $25M Donation to Fairshake PAC</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Coinbase Faces Scrutiny Over $25M Donation to Fairshake PAC

Coin Edition

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