Popular Information reports:
On June 6, 2023, the SEC filed charges against Coinbase, a crypto trading platform, alleging that the company was operating as an unregistered securities broker. The failure to register, according to the SEC, “deprived investors of significant protections.”
On February 21, Coinbase CEO Brian Armstrong wrote on X that Coinbase and the SEC had “reached an agreement with SEC staff to dismiss their litigation against Coinbase.” During the election, Coinbase donated $75 million to Fairshake, a pro-crypto Super PAC that supported many congressional candidates aligned with Trump.
Shortly after the election, Armstrong met privately with Trump at Mar-a-Lago. In December, Coinbase donated $1 million to Trump’s inauguration celebration. Coinbase also co-sponsored an “unofficial inaugural ball” on Friday at the Andrew W. Mellon Auditorium”
In January, Coinbase hired Chris LaCivita, the co-manager of Trump’s campaign. Coinbase also helped personally enrich Trump, quickly listing his official meme coin, $TRUMP, on its platform. The Coinbase listing made it much easier for the average investor to purchase $TRUMP, driving up its value. Most $TRUMP coins are owned by Trump himself.
Read the full article. There’s MUCH more.
Coinbase was being investigated by the SEC so they:
– gave $75M a to pro-Trump PAC
– gave $1M to Trump’s inauguration
– sponsored an inaugural party
– listed Trump’s meme coin… and now the investigation is closed.
These are called bribes.https://t.co/GgT0XQg3En
— Melanie D’Arrigo (@DarrigoMelanie) February 25, 2025