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Coinbase forms political action committee

Coinbase's newly established PAC had not yet raised money.

Coinbase has formed a political action committee (PAC) to raise money to spend on US elections, the cryptocurrency exchange said in a filing made public on Friday.

Coinbase’s newly established PAC had not yet raised money as of June 30.

In May, Coinbase said it would revamp its trading technology and create a new suite of services to attract more institutional investors, including hedge funds and high-frequency trading firms.

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( Source : reuters )
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