2018-7-21 10:10 |
Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night.
A disclosure published by the U.S. Federal Election Commission revealed that the exchange formed the “Coinbase, Inc.
Political Action Committee” in June 2018, though it has yet to raise or donate any money.
Coinbase communications director Elliot Suthers confirmed that the exchange has launched a PAC, though he declined to provide further details at press time.
While this may be the first PAC formed by a crypto organization, the exchange itself has already donated more than $81,000 for political causes, CNN reported Friday.