Newsletter: Coinbase threatens me that continuing to report on their activities would be “....
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Newsletter: Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.
Issue 69 – Nice
Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.
Citation Needed (www.citationneeded.news)
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Coinbase has been promoting a new $25 million contribution to the Fairshake crypto-focused super PAC, which, like their May contribution of the same amount, appears to be in violation of campaign finance laws prohibiting contributions by federal contractors.
However, when I noted this earlier this week, I was met with a threat from Coinbase Chief Legal Officer Paul Grewal, who tweeted that continuing to report on Coinbase would be “.... unwise”.
#crypto #cryptocurrency #USpolitics #Coinbase
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Elsewhere, Coinbase’s astroturfed “Stand With Crypto” lobbying group threw a Black Keys concert to benefit Bernie Moreno (R-OH). Perhaps because so few people showed up, half the audience were left watching the backs of the performers. “Weirdest gig we’ve ever played”, said the band.
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Some new crypto PACs have cropped up, including a few putting emergency funding behind Ted Cruz (R-TX) as his race appears to be tighter than originally predicted.
The weirdest new PAC is probably a very short-lived committee called “Republicans for A Pro-Crypto Senate Majority”, which raised about $200,000 from mostly Coinbase employees (including CEO Brian Armstrong), but also people like World Liberty Financial team member Zachary Witkoff.
#crypto #cryptocurrency #USpolitics #USpol
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That’s just a tiny portion of what’s in this week’s issue. If you like my writing and want to support my work, please consider signing up for a pay-what-you-want subscription! It really helps me to keep doing this work.
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Also, don’t forget there’s an audio version of these newsletters for those of you who prefer to listen! There’s an embedded player in the article, or find it in the Citation Needed audio feed wherever you get your podcasts.
Molly White's Citation Needed
Keep up with the happenings in the tech world without all the boosterism. Cryptocurrency critic, technology researcher, and software engineer Molly White publishes Citation Needed, a newsletter that features weekly explainers of developments in the cryptocurrency industry, with summaries of the latest disasters featured on her well-known project Web3 is Going Just Great. She also does deep dives into important events in the broader technology industry, with added critical context that is too often missing.
(pod.link)
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@molly0xfff do you have a 1 time donation option available on your site? I'm not the kind of person who signs up for subscriptions.
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@molly0xfff "once again, with feeling" before an amazingly cringey attempt to lean on someone? gotta be some pettifogger with a `.eth` suffix
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