Chris Murphy 🟧
@ChrisMurphyCT
I didn’t say you don’t give to Democrats. And I’ve never said I “hate” your industry. Don’t invent arguments I didn’t make. It’s amateur.
The crypto industry has made extraordinary investments in Trump politically and personally - investments that are literally unprecedented in he’s dropped lawsuits and handed out pardons in return.
I know it’s your job to argue this isn’t pay to play, but if this isn’t, what is? You think the Binance deal (help launch his crypto coin and get a pardon for terrorism and sex predator financing) is on the up and up?
I don’t need to hate your industry to think this all stinks.
Faryar Shirzad 🛡️
@faryarshirzad
Senator @chrismurphyCT. This is ridiculous. Here are the facts:
- Fairshake is non-partisan superpac. Ask your staff to look up the public disclosures and you'll see that FS supported multiple Democrats, including 3 of your new Senate D colleagues.
- Presidential Inaugural Committees for decades - from Obama to Biden to Trump and before - have been supported by public donations. Perhaps you've been outraged by corporate support in the past, but I doubt it.
- @coinbase is proud to have supported the building of a new ballroom through the Trust for the National Mall, a 501c3 partner of the National Park Service. Corporations from all industries donated as well. Note that we're not the general contractor, so we're not the right target if you're unhappy about how the project is proceeding.
- The SEC lawsuits against Coinbase and dozens of other companies were part of a grotesque pattern of bullying and abuse of power by the previous chair. No SEC in history has had more cases thrown out on the grounds that its actions were "arbitrary and capricious, and an abuse of power." The current SEC's decision to drop the case was the right decision on the merits.
It may be that you just don't like our industry. That's unfortunate given that we're working hard to help ensure that the US financial system is on the front-edge of innovation. There have been almost 100 separate announcements of new innovative stablecoin projects - including from the biggest financial institutions - since the GENIUS Act passed over your objections. This type of innovation is critical to the dynamism of our financial system and economy. We'd love to tell you more and, in particular, how market structure is the critical next step in helping update our financial system.
2025-10-30T20:05:03.000Z
2025-11-02T15:59:19.000Z