Coinbase Donation Sparks ‘Corruption’ Allegations, Coinbase Defends Public Donations

A $46 million donation by Coinbase to President Donald Trump’s inauguration committee has ignited controversy, with Senator Chris Murphy accusing the crypto exchange of fueling a “corruption factory.” This allegation stems from claims that the donation aligns with the SEC dropping its lawsuit against Coinbase. 1. Coinbase contributed $46M to Trump’s campaigns and initiatives; 2. This was followed by the drop in the SEC’s lawsuit, which allegedly benefitted the company. Murphy argues this chain of events indicates a corrupt pattern orchestrated by the exchange.