IN FEC COMPLAINT, MOLLY WHITE ALLEGE COINBASE VIOLATED CAMPAIGN FINANCE LAWS

Summary from the TLDR Crypto newsletter

Public Citizen and Molly White filed a complaint to the Federal Elections Committee (FEC) claiming that Coinbase violated campaign finance laws by donating $25 million to the pro-crypto group Fairshake Super PAC while negotiating government contracts with the DOJ. The complaint argues that Coinbase is a federal contractor due to its current work with the US Marshal Service (a unit within the DOJ), and is thus breaking "pay-to-play" laws.