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Miguel Afonso Caetano"The other major recent contribution came from Coinbase, with CEO Brian Armstrong announcing on Twitter that the company had dumped another $25 million into the Fairshake crypto-focused super PAC (on top of the $46.5 million they’d previously provided). Coinbase still holds an active contract with the US Marshals, and, as I reported this summer, federal contractors are prohibited from contributing to political entities including super PACs.Despite being the subject of our complaint with the FEC pertaining to their $25 million contribution to Fairshake in May, which was also within the prohibited time period, Coinbase has brazenly doubled this amount with a second contribution. While they’ve not (at least that I’ve seen) argued that they were unaware of this campaign finance prohibition, which would already be unlikely given clear warnings on Fairshake’s website that contributions by federal contractors are prohibited, this newest contribution seems to definitively remove that potential line of argument for them.Instead, Coinbase’s only rebuttal to our complainta has been to claim that, despite that pesky federal contract of theirs, they somehow aren’t a federal contractor due to a detail in how the contract is funded."<a href="https://www.citationneeded.news/issue-69/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/issue-69/</a><a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Crypto</a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Cryptocurrencies</a> <a href="https://tldr.nettime.org/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> <a href="https://tldr.nettime.org/tags/Politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Politics</a> <a href="https://tldr.nettime.org/tags/Elections" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Elections</a> <a href="https://tldr.nettime.org/tags/lobbying" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#lobbying</a> <a href="https://tldr.nettime.org/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a>

Molly Whitei’ve just noticed that at some point the absolute legends that hold the Fairshake.com domain updated their website. they’re the first google result for “fairshake”, above the website for the crypto-focused super PAC<a href="https://hachyderm.io/tags/fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fairshake</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Chuck DarwinCrypto Comes For Sherrod Brown: $32 Million in Ads Boosting His OpponentCrypto companies are spending $800,000 a day to take out one of their chief critics in Congress — and replace him with an allyLate 2023 was not a great time for the crypto industry. In November, <a href="https://c.im/tags/Sam" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Sam</a> <a href="https://c.im/tags/Bankman" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bankman</a>-<a href="https://c.im/tags/Fried" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fried</a>, the founder of the FTX cryptocurrency exchange, learned that no amount of Michael Lewis gymnastics could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to 25 years in prison after disappearing $11 billion of other people’s money. The following month, Sen. <a href="https://c.im/tags/Elizabeth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Elizabeth</a> <a href="https://c.im/tags/Warren" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Warren</a> sent letters to three crypto industry giants, the 🔸Blockchain Association, 🔸Coin Center, and 🔸Coinbase, criticizing them for undermining efforts to rein in crypto’s use in <a href="https://c.im/tags/terrorist" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#terrorist</a> <a href="https://c.im/tags/financing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#financing</a>.Around the same time, crypto groups began making noises about ♦️spending money in 2024 to defeat Ohio Sen. <a href="https://c.im/tags/Sherrod" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Sherrod</a> <a href="https://c.im/tags/Brown" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Brown</a>, the current ⭐️chairman of the Senate Banking Committee. ❇️ Brown is a profound skeptic of the industry and signed off on Warren holding hearings on crypto’s possible links to terrorism. Asked about the threats, Brown, a mop-topped Democrat with a raspy voice and wry sense of humor, said he was unconcerned.But Brown had no idea of what was to come.Rolling Stone has learned that crypto interests are set to spend💥 $32 million on TV ads promoting <a href="https://c.im/tags/Bernie" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bernie</a> <a href="https://c.im/tags/Moreno" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Moreno</a>, Brown’s Republican opponent, by the end of September, according to Democratic media buyers. The spending began on August 22 — meaning 🔥the crypto interests are spending more than $800,000 per day to flip the Ohio Senate seat, and potentially control of the Senate. “Outside groups are spending record amounts to try to defeat Sherrod because they know he will always fight for Ohio, not special interests,” said Reeves Oyster, a Brown campaign spokesperson.So far, the ads have been primarily fluffy positive spots boosting Moreno; some of the spots fearmonger about immigrants and China. Tracing the roots of "Defend American Jobs" can be as convoluted as tracing crypto currency itself. The group is effectively a subsidiary of <a href="https://c.im/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> — the second-largest fundraiser among Super PACs this season according to OpenSecrets, with over $200 million in its coffers. ♦️The bulk of Fairshake’s money has been donated by three crypto monoliths: Coinbase, Andreessen Horowitz, and Ripple. <a href="https://c.im/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> and its affiliates have donated $86 million. The founders of the venture capital firm <a href="https://c.im/tags/Andreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Andreessen</a> <a href="https://c.im/tags/Horowitz" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Horowitz</a> have together given $44 million. <a href="https://c.im/tags/Ripple" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Ripple</a> has contributed $25 million. (The <a href="https://c.im/tags/Winklevoss" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Winklevoss</a> <a href="https://c.im/tags/Twins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Twins</a>, who donated nearly $5 million to Fairshake, previously tried to donate $1 million in bitcoin to Donald Trump — well beyond what is legal.)Coinbase’s CEO <a href="https://c.im/tags/Brian" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Brian</a> <a href="https://c.im/tags/Armstrong" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Armstrong</a> has led the latest charge to bring crypto into the political mainstream, hosting a Super Tuesday rally with Nas in Los Angeles where he proclaimed, “More Americans own crypto than own electric vehicles or are in a union — yet some people in D.C. are still underestimating how much and how many people care about crypto. In 2024, it will become clear that being anti-crypto is bad politics.”Rep. <a href="https://c.im/tags/Katie" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Katie</a> <a href="https://c.im/tags/Porter" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Porter</a> found that out the hard way. During the California Democratic Senate primary, ⚠️Fairshake spent over $10 million against her campaign, apparently because she had the temerity to question the energy uses of the industry. Porter didn’t make the runoff, losing to Adam Schiff, a longtime collaborator with crypto who received an ‘A’ rating from "Stand With Crypto", a self-described grassroots advocacy hub nonprofit led by Coinbase and fronted by Armstrong. Porter got an ‘F.’ <a href="https://www.rollingstone.com/politics/politics-features/sherrod-brown-crypto-bernie-moreno-millions-1235102478/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.rollingstone.com/politics/politics-features/sherrod-brown-crypto-bernie-moreno-millions-1235102478/</a>

Incognitim☝️ • Since Citizens United, <a href="https://mastodon.social/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> is now 2nd in total election-related spending, trailing only <a href="https://mastodon.social/tags/fossilFuel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fossilFuel</a> corporations, which have spent $176M over the past 14 years, including $73M from Koch.• The crypto sector's <a href="https://mastodon.social/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> PAC & its affiliates have received nearly $114M directly from corporate backers, far more than any other outside spender this cycle. Koch-backed Americans for Prosperity Action, a hybrid PAC, is a distant 2nd, having received nearly $26M, primarily from Koch Industries.👇

Molly WhiteCoinbase Chief Legal Officer Paul Grewal has responded to the news of the FEC complaint by suggesting I have some shadowy backers funding me.He’s also complained that we accused Coinbase of having partisan bias in who they support, something we did not allege or imply. We single out the donation to the Congressional Leadership Fund and not its Democratic equivalent because only the former happened within the prohibited period.<a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a>

Molly WhiteCoinbase’s Chief Legal Officer called my research “misinformation”, claiming that Coinbase is not a federal contractor despite its multi-million dollar federal contract.I look forward to the FEC enforcing its longstanding prohibitions against “pay-to-play”.<a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a>

Molly WhiteAs I wrote in my earlier thread, these $25.5 million in illegal contributions ($25 million to crypto super PAC Fairshake and $500K to House Republicans) would be the largest campaign finance violation by a federal contractor by a significant margin:<a href="https://hachyderm.io/@molly0xfff/112877515892173876" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://hachyderm.io/@molly0xfff/112877515892173876</a><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a>

Molly WhiteLast week, Public Citizen’s Rick Claypool and I filed a complaint with the Federal Election Commission based on my research into apparent campaign finance violations by the Coinbase cryptocurrency exchange.Read the full complaint and my updated article.Complaint: <a href="https://www.citizen.org/article/coinbase-fec-complaint/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citizen.org/article/coinbase-fec-complaint/</a>Updated article: <a href="https://www.citationneeded.news/coinbase-campaign-finance-violation/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/coinbase-campaign-finance-violation/</a><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a>

Molly WhiteCoinbase Chief Legal Officer Paul Grewal weighed in on my reporting about the company’s apparent campaign finance violations, arguing that Coinbase is not a federal contractor.I have updated the article to include his comments, and I’ve also noted that this argument does not seem to square with the law.The article, with these updates, is here: <a href="https://citationneeded.news/coinbase-campaign-finance-violation/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://citationneeded.news/coinbase-campaign-finance-violation/</a>More to come soon.<a href="https://hachyderm.io/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

DoomsdaysCW"The largest illegal campaign contribution from a federal contractor to date appears to have been $1 million in 2022, contributed by the <a href="https://kolektiva.social/tags/MarathonPetroleum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MarathonPetroleum</a> Company to the respective super PACs for both House and Senate Republicans. At the time, a unit of the Marathon company was in negotiations for a small, one-off contract to provide jet fuel to a government agency. The violation resulted in an $85,000 fine."<a href="https://www.citationneeded.news/coinbase-campaign-finance-violation/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/coinbase-campaign-finance-violation/</a><a href="https://kolektiva.social/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://kolektiva.social/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://kolektiva.social/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://kolektiva.social/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://kolektiva.social/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://kolektiva.social/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://kolektiva.social/tags/CampaignFinance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CampaignFinance</a>

DoomsdaysCWHT to <a href="https://hachyderm.io/@molly0xfff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@molly0xfff</a> for reporting on this!<a href="https://kolektiva.social/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> appears to have violated campaign finance laws with a $25 million <a href="https://kolektiva.social/tags/SuperPAC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SuperPAC</a> donationActively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake crypto super PAC in May 2024. by Molly White Jul 30, 2024 "This $25 million contribution, however, appears to be in violation of federal campaign finance laws that prohibit contributions from current or prospective federal government contractors. This would be by far the largest known illegal campaign contribution by a federal contractor."Read more: <a href="https://www.citationneeded.news/coinbase-campaign-finance-violation/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/coinbase-campaign-finance-violation/</a><a href="https://kolektiva.social/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://kolektiva.social/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://kolektiva.social/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://kolektiva.social/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://kolektiva.social/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://kolektiva.social/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://kolektiva.social/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://kolektiva.social/tags/CampaignFinance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CampaignFinance</a>

Molly WhitePlease consider supporting my work by signing up for a free or pay-what-you-want subscription.I'm a completely independent writer and researcher, and your contributions are crucial to helping me keep doing work like this.<a href="https://www.citationneeded.news/signup/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/signup/</a>You can also check out my cryptocurrency industry election spending tracking work at <a href="https://followthecrypto.org" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://followthecrypto.org</a> and (coming soon) <a href="https://hachyderm.io/@followthecrypto" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@followthecrypto</a>.<a href="https://hachyderm.io/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Molly WhiteWhen reached for comment, a Coinbase spokesperson declined to answer my questions and responded only with “Coinbase complies with all applicable laws, including campaign finance law.” A spokesperson for Fairshake did not respond to my requests for comment by publication time.<a href="https://hachyderm.io/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Molly WhiteThat donation, the largest of the three made by Coinbase to the Fairshake PAC, appears to have been well within the prohibited time period defined by the FEC.Coinbase was at the time engaged in contract negotiations with the US Marshals service to provide custody and trading services for the cryptocurrencies seized during law enforcement investigations. They ultimately won the $32.5 million contract on July 1, 2024. <a href="https://hachyderm.io/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a>

Molly WhiteSCOOP: Coinbase appears to have violated campaign finance laws with a $25 million donation to the Fairshake cryptocurrency super PAC, made while they were in active negotiations for a federal government contract.<a href="https://www.citationneeded.news/coinbase-campaign-finance-violation/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citationneeded.news/coinbase-campaign-finance-violation/</a><a href="https://hachyderm.io/tags/CitationNeeded" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CitationNeeded</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Molly WhiteCoinbase's "Stand With Crypto" PAC website is now confirming what I reported earlier.More than 99% of the amount they claimed was raised by this supposedly "grassroots" PAC is in fact massive corporate contributions to the FairShake super PAC.<a href="https://hachyderm.io/@molly0xfff/112577192621582156" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://hachyderm.io/@molly0xfff/112577192621582156</a><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a> <a href="https://hachyderm.io/tags/CryptoLobby" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CryptoLobby</a> <a href="https://hachyderm.io/tags/FairShake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FairShake</a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Coinbase</a> <a href="https://hachyderm.io/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#uspol</a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpolitics</a>

Molly WhiteTotal spending this election cycle: Andreessen Horowitz: $48.9M Coinbase: $52M Ripple: $44.8M Jump Crypto: $15M<a href="https://hachyderm.io/tags/CryptoLobby" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CryptoLobby</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPolitics</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Molly WhiteThis month alone: $25M from Andreessen Horowitz $25M from Coinbase $25M from Ripple $10M from Jump Crypto<a href="https://hachyderm.io/tags/CryptoLobby" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CryptoLobby</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPolitics</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

Molly WhiteThe cryptocurrency industry Super PAC Fairshake is now #1 out of all Super PACs by total funds raised.They've raised more than $175 million to influence upcoming elections in the US, and have more than $100 million of it still waiting to deploy.<a href="https://hachyderm.io/tags/CryptoLobby" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CryptoLobby</a> <a href="https://hachyderm.io/tags/Fairshake" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fairshake</a> <a href="https://hachyderm.io/tags/USPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPolitics</a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrency</a>

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