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What will be the FEC ruling on Coinbase's $25.5 million donation by end of 2024?
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Resolution / Starting Odds
No Violation • 25%
Minor Violation • 25%
Major Violation • 25%
Dismissed • 25%
Official FEC ruling or announcement
Story
Coinbase Faces FEC Complaint Over Alleged $25.5 Million Campaign Finance Violations
Aug 6, 2024, 01:23 AM
Public Citizen and crypto critic Molly White have filed a complaint with the Federal Election Commission (FEC) alleging that cryptocurrency exchange Coinbase violated campaign finance laws. The complaint claims that Coinbase donated $25.5 million to the pro-crypto Fairshake Super PAC while negotiating a federal contract, which is prohibited for contractors. Coinbase's Chief Legal Officer, Paul Grewal, has denied these allegations, asserting that Coinbase is not a contractor and therefore did not violate any laws. The complaint also involves the cryptocurrency $COIN.
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Republican Party • 25%
Democratic Party • 25%
Both equally • 25%
Neither • 25%
No violation • 25%
Minor violation • 25%
Major violation • 25%
Other outcome • 25%
No action taken • 25%
Formal investigation launched • 25%
Guilty verdict • 25%
Other • 25%
No action taken • 25%
Fines imposed • 25%
Criminal charges filed • 25%
Other • 25%
No action taken • 25%
Fines imposed • 25%
Legal action initiated • 25%
Full compliance confirmed • 25%
Yes • 50%
No • 50%