Coinbase boosts lobbying efforts with massive political donations
Coinbase as a firm forbids its employees from disc US sing Politics , but this restriction doesn’t apply to the firm itself, which makes a variety of political donation s. Coinbase’s efforts have included expanding its lobbying efforts as well as supporting political action committees like Fairshake. However, Coinbase has also been donating to organizations formed under Section 527, including both the Republican Governors Association (RGA) and the Democratic Governors Association (DGA). ProPublica’s 527 Explorer, which uses IRS reporting information, shows that Coinbase donated $50,000 each to the RGA and the DGA in March. This wasn’t the first donation to either organization to come from Coinbase, with the RGA also receiving $500 in December and $50,450 days before FTX declared bankruptcy in November 2022. Crypto lobbyists are busy preparing for the 2024 election Read more: Binance invested heavily in lobbying before guilty plea Besides these cont...