Bernie Sanders claims Elon Musk and the crypto industry are buying elections and calls America's finance system 'corrupt.

Oct 13, 2026, 10:13 PM ETOpinionRead the original at Benzinga

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Coinbase spent roughly $8 million lobbying for the CLARITY Act, which failed a Senate vote. Sanders criticized crypto industry spending and called for reforms, but the report describes no change to Coinbase's business.

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The failed bill means Coinbase's effort to shape that legislation did not succeed. Sanders's criticism focuses on industry spending and calls for broad reforms, but the report names no change to Coinbase's business. Those facts do not show a clear change in its outlook.

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