Describing the allegations as “misinformation” — Coinbase chief legal officer Paul Grewal said Coinbase was exempt from certain campaign finance regulations as it is not a federal contractor.
Coinbase chief legal officer Paul Grewal has refuted accusations that his crypto exchange violated campaign financing laws by making a $25 million donation to a super political action committee (PAC) in May this year.
In a July 31 report, prominent crypto skeptic Molly White claimed that Coinbase “appears” to have violated campaign finance laws by making a donation to the Fairshake crypto super PAC while they were engaged in active negotiations for a federal government contract.
Grewal rebuked these claims in an Aug. 1 post to X, saying that Coinbase was not a federal contractor under the “plain language” clause of Code of Federal Regulations 111.51.
