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Crypto exchange Coinbase (NASDAQ:COIN) has filed for a political action committee reportedly to support "crypto-forward lawmakers" ahead of the 2022 midterm elections in the United States.

According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress.

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