Crypto Contributions and Compliance Concerns

13min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the significant financial contributions of the cryptocurrency industry to political campaigns, focusing on Fairshake, a Super PAC, and the involvement of Coinbase amid potential violations of campaign finance laws. The discussion reveals the complexities surrounding Coinbase's role as a federal contractor managing seized assets and the legal implications of their campaign contributions during prohibited periods. It culminates with the filing of a joint complaint to the FEC, raising essential questions about transparency and accountability within the cryptocurrency sector.

Paris Marx is joined by Molly White to discuss why the crypto industry is spending millions on this election cycle and Coinbase’s potential breach of election finance law.

Molly White writes the Citation Needed newsletter. She is the creator of Web3 Is Going Just Great and Follow the Crypto.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Support the show on Patreon.

The podcast is made in partnership with The Nation. Production is by Eric Wickham. Transcripts are by Brigitte Pawliw-Fry.

Also mentioned in this episode:

Molly wrote about the Coinbase campaign finance violation and Donald Trump’s Bitcoin conference speech in her newsletter.
Paris wrote about some of the concerns about Kamala Harris’ stance on tech.
Fairshake spent $10 million on attacks ads against Katie Porter in California. It spent millions more targeting Jamaal Bowman and Cori Bush.
The crypto industry hates SEC head Gary Gensler, who is leading the regulatory effort against cryptocurrency.

Support the show