Coinbase says it has an agreement to end an SEC lawsuit over allegedly trading unregistered securities.
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Neither his post nor the one from Coinbase mentioned the funding contributed to political campaigns in the last election cycle, where CNBC noted Coinbase was one of the top corporate donors. It gave over $75 million to Fairshake and other pro-crypto PACs and made a reported seven-figure donation to Trump’s inaugural committee, and Armstrong reportedly made more than $1.3 million in personal contributions.
The SEC is one of the independent agencies that are now under Trump’s direct oversight. Someone needs to be recording all of these moves.