American cryptocurrency exchange Coinbase has formed a political action Committee (PAC). This became known last Friday, July 20, from the document published the Federal election Commission.

A new body was created in June of this year and received its name “Coinbase, Inc. Political Action Committee”. The world’s first PAC, formed the cryptocurrency of the company.

It is noteworthy that in the United States political action committees are typically created to raise funds for the election campaign on behalf of candidates running for public office. So each PAC is a specific political or business idea depending on who is in his head. However, the document says that “Coinbase, Inc. Political Action Committee” is not affiliated with any one candidate.

While the media unknown details about the activities of the new Committee. What is clear is that he has yet to stage Fund raising. Director of public relations Coinbase Caters Elliot (Elliot Suthers) has only confirmed information about the launch of the PAC, but declined to disclose further details.

It should be noted that this is not the first movement Coinbase in the direction of policy. In 2017, the exchange has allocated $78 000 for the election campaign of Brian Ford (Brian Forde), a former senior adviser on policy issues in science and technology of the presidential administration of Barack Obama, when he ran for the seat of Congressman from the state of California. In 2014, Coinbase also donated about $3,000 to the political action Committee BIT, which, according to some information, was associated with the Republicans Justin Amahai (Justin Amash) and Josh Mandela (Josh Mandel).

Recall that in July, Coinbase launched the Coinbase services custodial Custody that is designed to store digital assets of institutional investors. The service is intended for large legal entities engaged in cryptocurrency investments in the amount of $10 million In early July, the amount stored on the digital assets exceeded $20 billion.

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