San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20.
In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or ballot initiatives.
In Citizens United, provisions that prohibited corporate or union political expenditure in political campaigns were overturned, making it legal for such entities to spend money from their general treasuries to finance political campaigns.
Coinbase has reportedly secured a $20 billion hedge fund for its custody service.
“Coinbase Custody,” which was first revealed in late 2017, seeks to address the security concerns of institutional investors.
The U. S cryptocurrency exchange known as Coinbase has created its own Political Action Committee (PAC). This is according to details made public on the Federal Election Commission (FEC) website only today, July 21st.
Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night. A disclosure published by the U. S. Federal Election Commission revealed that the exchange formed the “Coinbase, Inc.
Also, start a PAC or something mate!” Mr. Petersen is a well known figure in liberty circles. His background includes producing Fox political shows, founding influential website , along with coming third in the race for the Libertarian Party’s presidential nomination in 2016.
El Salvador executed its largest single-day Bitcoin (BTC) purchase since adopting the cryptocurrency in 2021, acquiring roughly 1,090 BTC worth approximately $100 million as prices slid below $90,000 on Nov.
AsiaStrategy said Sora Ventures CEO Jason Fang is now its largest shareholder following a change to the ownership of its major shareholder, Pride River Limited. According to a company statement dated Nov.
The corporate Bitcoin (BTC) treasury trade that validated itself through the second quarter hit a wall in the fall. Public companies added 159,107 BTC in the second quarter, pushing total corporate holdings to roughly 847,000 BTC, approximately 4% of the capped supply, and proving that “Bitcoin on balance sheet” worked as a capital-markets play.
Set against recurring billion-dollar ETF inflows, Asia’s mid-caps are starting to look like the next structural bid for bitcoin’s free float. Japan’s Metaplanet has surpassed 30,00 BTC on its balance sheet, and Korea’s Bitplanet initiated a supervised, rules-based accumulation program.
Bitplanet Inc. has purchased 93 BTC and initiated a daily Bitcoin buying program, positioning the company as a first mover in Korea’s public-market adoption of BTC for corporate treasuries. The Seoul-based firm says the transaction was executed entirely through regulated and compliant infrastructure.
