As reported by BitcoinWorld, Democratic Senator Chris Murphy alleged that Coinbase received political favors from the Trump administration in exchange for donations, including a decision by the SEC to drop a lawsuit. Coinbase's Chief Policy Officer, Faryar Shirzad, denied the claims, calling them 'absurd' and emphasizing the company's bipartisan political engagement. He noted that donations to presidential inaugurations are a common practice and not unique to the Trump era. Coinbase maintains that its political contributions aim to advocate for clear regulations and foster industry growth, rather than seeking special treatment.
Coinbase Denies Allegations of Political Favors from Trump Administration
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