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.
The Stand With Crypto PAC was registered just days after the April quarterly filing deadline, so they have not yet had to file any receipts with the FEC.
If we remove the $1M donated by the MoonPay company, $15k from Gemini, and ~$12k from Coinbase CEO Brian Armstrong, that leaves... about $150,000 raised from the “million” people that supposedly signed up.
