(Don’t forget that $50 million of those contributions appeared to be blatantly illegal, although Trump is already hard at work making the Federal Elections Commission even less effective than it previously was.)

https://www.citationneeded.news/coinbase-campaign-finance-violation/

Coinbase says that the SEC has agreed to drop the enforcement case against the company. It only cost them $75 million in political contributions.

Elsewhere, Coinbase’s astroturfed “Stand With Crypto” lobbying group threw a Black Keys concert to benefit Bernie Moreno (R-OH). Perhaps because so few people showed up, half the audience were left watching the backs of the performers. “Weirdest gig we’ve ever played”, said the band.

Coinbase has been promoting a new $25 million contribution to the Fairshake crypto-focused super PAC, which, like their May contribution of the same amount, appears to be in violation of campaign finance laws prohibiting contributions by federal contractors.

However, when I noted this earlier this week, I was met with a threat from Coinbase Chief Legal Officer Paul Grewal, who tweeted that continuing to report on Coinbase would be “.... unwise”.

See my reporting on their previous violation, which is being reviewed by the FEC: https://www.citationneeded.news/coinbase-campaign-finance-violation/

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.