Crypto-focused PAC has used $9M to support Democratic candidates since January
The Protect Our Future PAC used more than $9 million toward mainly digital, television and radio ad buys for U.S. House of Representatives candidates' campaigns. Protect Our Future, a political action committee set up in January, with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives.According to expenditures reported to the U.S. Federal Election Commission, as of April 14, Protect Our Future has used $9,024,317 toward supporting the campaigns of Carrick Flynn, Lucia McBath, Shontel Brown....
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Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration. According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from the Democratic primary runoff in Texas’s 18th Congressional District. In that race, Terret reported that Rep. Christian Menefee defeated....
The trade group includes many of the industry’s biggest names among its members; director Kristin Smith calls them “a great group to help steer the success of this enterprise.” United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend to attempt to exert greater influence on candidates as they approach the midterm elections in November.The Blockchain Association, founded in 2019, has 90 members, according to its website, which include many of the leading names in the industry.....
A new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to Provide Details About Their Cryptocurrency Dealings The Russian State Duma, the lower house of parliament, has adopted on first reading a draft law that will incorporate the disclosure of cryptocurrency purchases into Russia’s electoral legislation.....
America has passed the twilight zone. The nomination of Hillary Clinton for the Democratic presidential primary confirmed the charade of US politics. Elections are sold to the highest bidder. No matter how much popular support a candidate like Bernie Sanders might garner, the corporate masters who sponsor this rigged game in the end take all. Many know that we do not live in a democracy, yet the level of corruption is becoming even more blatantly apparent. Now, the oligarchic class doesn't need to lobby candidates. They can simply run for office, just like Donald Trump. When essential....
In a strategic move to increase its influence in the political landscape, US-based cryptocurrency exchange Coinbase has committed an additional $25 million to Fairshake, a political action committee (PAC), as it prepares to support pro-crypto candidates ahead of the 2026 midterm elections. Coinbase CEO Armstrong Commits $25M To Fairshake Coinbase CEO Brian Armstrong confirmed the investment during the company’s third-quarter earnings call, stating, “We’re not going to slow down post-election. We know we need to have pro-crypto legislation passed in this country.” Fairshake, which....