Coinbase’s top lawyer and a US senator traded fierce public claims this week, putting the exchange at the center of a fresh political fight over campaign donations and regulation.

Allegations Of Political Payoff

According to Senator Chris Murphy, Coinbase gave $46 million to support US President Donald Trump and that the payment was tied to regulatory decisions, including the handling of an SEC lawsuit against the exchange.

Murphy said the money included a large donation for Trump’s inauguration. He framed this as an example of what he called “Trump’s corruption factory.”

Paul Grewal, Coinbase’s Chief Legal Officer, answered quickly on X, calling the charges “misinformed” and “false.”

He told Murphy to “do your homework,” and said Coinbase has pushed for clearer rules rather than f

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