Coinbase denies allegations of violating campaign finance laws

ChainCatcher news, in a report on July 31, renowned cryptocurrency skeptic Molly White claimed that Coinbase donated to the Fairshake crypto super PAC while actively negotiating contracts with the federal government, seemingly violating campaign finance laws.

Coinbase's Chief Legal Officer Paul Grewal called these allegations "misinformation." He stated that under the "literal language" provision of Federal Regulation Code 111.51, Coinbase is not a federal contractor and is therefore exempt from certain campaign finance regulations.