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.
The U. S cryptocurrency exchange known as Coinbase has created its own Political Action Committee (PAC). This is according to details made public on the Federal Election Commission (FEC) website only today, July 21st.
San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or