Coinbase denies allegations of violating campaign finance laws

On July 31, well-known cryptocurrency skeptic Molly White claimed that Coinbase violated campaign finance laws by donating to the Fairshake Cryptocurrency Super PAC while actively negotiating contracts with the federal government. Coinbase's Chief Legal Officer Paul Grewal called these allegations "misinformation," stating that according to section 111.51 of the Federal Acquisition Regulation, Coinbase is not a federal contractor and is therefore exempt from certain campaign finance regulations.