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Coinbase’s “Stand With Crypto” PAC claims to have raised $87 million, but their donations list totals up to only $1,176,900. They seem to be double-counting corporate contributions to super PACs to overstate how much their “community” supports this supposedly grassroots project.

The list trails off at donations of $44.67, so there could be additional smaller donations not shown on the page, but not more than $85 million’s worth.

Larry O'Brien

@molly0xfff Perhaps they've created a new PacCoin, traded a million of them for a buck apiece to each other, and then convinced a hungover gas station attendant to take one as payment for a package of Slim Jims and a gallon of unleaded. BAM! $87 million! Fintech!