This article originally appeared in OpenSecrets. One pro-crypto super PAC launched in December 2023, Fairshake, has already spent $14.4 million to independently bolster the campaigns of crypto-friendly congressional candidates in the 2024 election cycle. On its website, Fairshake pledges to “support candidates committed to securing the United States as the home to innovators building the next generation of the internet.” …
After the spectacular fall of FTX CEO Sam Bankman-Fried, you might have expected the embattled cryptocurrency sector, and its sophisticated lobbying operations, to have ground to a halt. The then-nascent Biden administration had already turned its attention to crypto regulation, with the SEC lodging its securities charges against Ripple in February of that year—while also approving crypto exchange Coinbase’s request …
Rep. Katie Porter was targeted by a crypto-funded super PAC as she campaigned against Rep. Adam B. Schiff in the California Senate primary. The $10-million bill for the As primary results rolled in that showed Porter a distant third behind Rep. Adam B. Schiff of Burbank and Republican Steve Garvey, Fairshake boasted that the Orange County lawmaker’s alliance with mentor …
The California candidates vying for the late Dianne Feinstein’s seat in the U.S. Senate face strict rules on how much money they can accept from donors who want to support their primary campaigns: $3,300 from individuals, and $5,000 from political committees. Cryptocurrency billionaires Who they are: Silicon Valley leaders, including venture capitalists Marc Andreessen and Ben Horowitz; cryptocurrency executives Cameron …