Molly WhiteAs 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.
Mike Johnston@molly0xfff did they give it to them in BTC to try and get around those rules? If it even works that way... Whole thing stinks though
@ThaMunsta the original $25M contribution was made in bitcoin, but the FEC is clear that contributions encompass “anything of value”. the most recent one hasn’t been reported yet so TBD there.
i would like to see Coinbase arguing that BTC has no value to try to get around the restriction though, lol