EFTA02601958.pdf

From: Richard Kahn < Sent: Tuesday, July 24, 2018 2:18 AM To: Jeffrey Epstein Subject: Crypto Exchange Coinbase Tells a Fib, Forms a PAC - 24/7 Wall St. =style id="print"> @media print ( body ( margin: 2mm 9mm; .original-url ( display: none; ) particle .float.left float: left !important; particle .float.right float: right !important; } particle .float ( margin-top: 0 !important; margin-bottom: 0 !important; Says they are considering ipo..</=iv> https4/247wallst.com/banking-finance/2018/07/23/crypto-exchange-coinbase-tells-a=fib-forms-a-pac/ <https://247wallst.com/banking=finance/2018/07/23/crypto-exchange-coinbase-tells-a-fib-forms-a-pac/> Cr=pto Exchange Coinbase Tells a Fib, Forms a PAC By Paul Ausick Last Monday, cryptocurrency exchange Coinbase told Bloomb=rg News that both the U.S. Securities and Exchange Commission (SEC) and the=Financial Industry Regulatory Authority (FINRA) had approved the company =80 s proposed purchase of three securities broker-dealers. That was not t=e case, as Coinbase admitted Wednesday. On Friday, Politico reported that Coinbase had=notified the Federal Election Commission (FEC) that it plans to form a poli=ical action committee (PAC). The company did not respond to a request for c=mment. PACs are created for the sole purpose of raising money to spend on U=S. elections. All that adds up to a busy week for Coinbase, t=e country's largest cryptocurrency exchange, which is believed to b= contemplating an initial public offering (IPO). Coinbase also said last we=k that it plans to add five new cryptocurrencies to its exchange: Cardano (=DA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (=RX). The formation of a PAC indicates that the cryp=o exchange wants a seat at the table when Congress and other agencies get d=wn to the nuts and bolts of how to regulate cryptocurrencies and tokens. Bo=h the SEC and the Commodities Futures Trading Commission (CFTC) had put stares in the ground related to their ability to regulate coins and tokens. Nei=her has advanced much beyond the stage of going after allegedly fraudulent c=ins or tokens. Coinbase's acquisition of three broker=dealers would give the company a head-start if it can get SEC and FINRA end=rsements to trade tokens as if they were stocks. Forming a PAC and making p=litical contributions is a time-honored way of at least getting heard in th= halls of power, so the move makes sense. In its <http://docquery.fec.gov/cgi-=in/forms/C00680355/1243300#SUMMARY> , Coinbase reported that it had collected no money as of June=30, but co-founder Fred Ehrsam has donated $12,800 to Republican candidates=for office, according to a report at Coinspeaker. In 2014, Coinbase gave ab=ut $3,000 to BIT PAC, according to a CNN report. ALSO READ: 12 Companies That Control Americ=n Finance <https://247wallst.com/special-re=ort/2018/07/20/12- companies-that-control-american-finance-tah <=iv> EFTA_R1_01790047 EFTA02601958 Richard Kahn HBRK Assoc=ates Inc. 575 Lexington Avenue, 4th Floor New York, NY 1=022 Tel Fax C=II = 2 EFTA_R1_01790048 EFTA02601959