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Molly White and Public Citizen continue to accuse Coinbase of violating U.S. campaign finance laws

Cryptocurrency critic Molly White and consumer advocacy group Public Citizen have filed their latest complaint with the Federal Election Commission, continuing to accuse Coinbase of violating U.S. campaign finance laws. The original complaint, filed Aug. 1, alleged that Coinbase violated campaign finance laws after it began negotiating contracts with the Marshals Service in early March. They allege that the cryptocurrency exchange violated campaign finance laws by donating $25 million to pro-crypto advocate Fairshake Super PAC in May because they were "federal contractors." Coinbase later denied the allegations, and Paul Grewal, Coinbase's chief legal officer, wrote that Coinbase was not subject to certain campaign finance laws because the Marshals Service did not pay Coinbase with congressional appropriations, and therefore Coinbase was not a federal contractor. The latest complaint, filed by White and Public Citizen on Aug. 5, challenges this rebuttal: "Because the asset forfeiture fund is a congressional appropriation, Coinbase receives payment from congressional appropriations to perform its contracts and is therefore a federal contractor."