Coinbase Denies Claims of Trump Favoritism

• Lyla Velez
• October 31, 2025
• Policy
• 0 Comments

Coinbase, represented by Chief Policy Officer Faryar Shirzad, has dismissed allegations from Senator Chris Murphy regarding favoritism towards the Trump administration, labeling the claims as absurd.

Coinbase’s rejection of Senator Murphy’s claims highlights its commitment to a balanced political engagement approach. The company’s assertion underscores the importance of transparency and accountability in the cryptocurrency sector.

Faryar Shirzad of Coinbase has publicly countered accusations made by Senator Chris Murphy that implied favoritism towards the Trump era. Shirzad, formerly with Goldman Sachs, emphasized the company’s bipartisan contributions. Donations to political inaugurations, including Trump’s, are standard, he asserted.

The claims, which suggested biased treatment, were refuted as “absurd” by Coinbase. The company has long engaged in interactions across both political parties, contributing through various super PACs. No public comment came from Coinbase’s CEO or other top executives.

In response to these unfounded allegations, neither the cryptocurrency markets nor major digital assets like BTC or ETH showed significant movement. This suggests market stability despite the political headlines. No regulatory bodies, such as the SEC, have intervened following the claims.

“The company’s political contributions are bipartisan, supporting lawmakers from both parties through super PACs like Fairshake, and inauguration donations are a common practice across administrations. The claims are absurd.” — Faryar Shirzad, Chief Policy Officer, Coinbase

Analyses indicate that Coinbase’s political contributions align with typical industry practices. The firm has contributed to both Republican and Democratic causes, promoting the growth of the cryptocurrency industry through clear regulatory frameworks and active advocacy.

Experts and crypto influencers have yet to weigh in on the matter publicly, maintaining focus on broader regulatory challenges. Coinbase forums and industry discussions continue without interruption, with participants largely ignoring the controversy.

No disruptive activity was reported in relation to Coinbase’s operations or its major asset dealings. The company maintains a strong market position, revealing no material impact from these political assertions. Future updates will pivot around any emerging official comments or market reactions.