Coinbase CLO Responds To FEC Complaint, Denies Electoral Bias

Coinbase CLO Paul Grewal has denied any breach of election campaign finance laws arising from its role in a Marshall Service contract.

Coinbase CLO Paul Grewal has hit back at a complaint filed with the Federal Election Commission (FEC) by a self-described crypto critic, denying any breach of election campaign finance laws and highlighting the complainant’s lack of legal expertise in the matter. The complaint alleges that Coinbase, as a “federal contractor,” is barred from making contributions to Super PACs, and that its role in a U.S. Marshals Service contract qualifies it as such. Grewal, however, maintains that Coinbase is not paid with Congressional-appropriated funds and that the seized crypto does not fall under the criteria for making the exchange a federal contractor. He adds that the complaint is essentially a press release and that the FEC has not made any new filings on the matter. Grewal concludes by stating that Coinbase is proud of its work with federal law enforcement and that the exchange has donated $500,000 to Super PACs for both parties, emphasizing that their views are not the position of the law.

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