American cryptocurrency company Coinbase has formed a political action Committee (PAC). This is evidenced by published July 20, documents.

Political action committees in the United States are pooling organizations with common or related political objectives that are jointly financed campaigns of candidates for public office, action for or against specific legislation and other ballot initiatives.

Note that as of June 30, Coinbase has not drawn any funds through PAC.

Earlier it became known that the service for institutional investors Coinbase Prime have involved some of the first hedge Fund with assets under management of $20 billion.

Add that to the end of the year, the company plans to provide institutional investors with instruments for margin trading.