News list for "Action Committee"
Randy Fine and Jimmy Patronis, two Republican candidates backed by Fairshake, the US crypto super PAC, won the Florida congressional by-election, solidifying the Republican Party's narrow majority in the House of Representatives. Both have publicly supported digital assets and innovation policies, with Fairshake's organization investing more than $1.50 million in advertising support.
The crypto industry-funded Super PAC network will support two Florida Republican candidates in the April 1 special election for the U.S. House of Representatives. The network includes Fairshake, Defend American Jobs, and Protect Progress. Among them, Defend American Jobs will place $1.20 million in advertising in support of Florida Senator Randy Fine. Fine once wrote on the X platform: "Floridians want to see crypto innovation" and called for a "clean...
Coinbase CEO Brian Armstrong had invested about $74 million in the pro-crypto political action committee Fairshake, and in a series of preset trades that began less than a week after Trump's election, Armstrong sold $100 million worth of Coinbase stock and subsequently sold about $437 million worth of stock, which appreciated by $129 million compared to before the election. He explained the plan on X a few days before the election, saying he was diversifying "into moonshots" but would keep his "...
The US government is negotiating with several political action committees (PACs) to return up to $13.25 million in political donations donated by former FTX executives. The request has been approved by Judge Lewis Kaplan, who is in charge of the FTX case, and the government will continue to discuss the forfeiture of the funds with the PAC until January 15. The data show that the donations were made by FTX founder Sam Bankman-Fried or former engineering director Nishad Singh, who testified that s...
Elon Musk's super PAC handed out two $1 million prizes to registered voters in Michigan and Wisconsin on Thursday, defying warnings from the Justice Department that the prizes could be illegal. The pro-Trump super PAC said on Wednesday that the Justice Department had sent a letter to the group warning that its "daily" sweepstakes might violate federal election law, which prohibits paying for voter registration. Musk, Tesla's chief executive and the world's richest man, launched the sweepstakes o...
According to Politico, Elon Musk put another $43 million into his super PAC in early October.
Fairshake, a political action committee representing cryptocurrency interests, has deployed $140 million in dozens of congressional races across the country and expects to spend more than $40 million in the final weeks of the 2024 U.S. election. Fairshake supports both Democrats and Republicans as long as they take cryptocurrencies seriously. The latest Federal Election Commission filings show that since August, Fairshake-funded PACs have allocated about $40 million to support Republican challen...
Cryptocurrency-backed political action committee (PAC) Fairshake reports that it has raised more than $169 million in donations since its inception and has supported candidates by purchasing media or its affiliated PAC (Defend American Jobs and Protect Progress). The Fairshake PAC reported in an Oct. 17 filing with the Federal Election Commission (FEC) that it spent more than $900,000 on media ads in support of Rep. Thomas Suozzi, D-N.Y.'s 3rd Congressional District. The PAC also disclosed that ...
A political action committee (PAC) supporting Trump raised $7.50 million in the third quarter, including David Bailey of Bitcoin Magazine, who contributed $500,000 in bitcoin, and Gary Cardonay, an American investor, who donated $840,000 in bitcoin. Ripple's chief legal officer Stuart Alderoty donated 624,000 XRP, worth about $300,000.
The American Political Action Committee (AmericaPAC), founded by Mr. Musk, will offer a $47 reward for every person who signs a petition in a swing state where the goal is to win over 1 million voters who support free speech and the right to bear arms.
Harris is currently rated "NA" by Stand With Crypto, a crypto political action committee, down from her previous "B" rating. Harris' previous B rating was based on a recent speech to donors in which she said she would "invest in America's future" and encourage "innovative technologies such as artificial intelligence and digital assets while protecting consumers and investors." However, in addition to that, her campaign...
Musk's super PAC is spending $2.10 million to support Republican candidates in swing districts across the country, which could help the world's richest man build a coalition of allies in Congress. The committee's support could be key to whether Republicans retain their majority in the House of Representatives after November's election. A new federal filing details the latest spending, the first major effort by the super PAC Musk established earlier this year to influence elections outside the pr...
Protect Progress, a political action committee (PAC), has invested more than $1.30 million in support of Democratic candidate Yassamin Ansari's bid for Arizona's 3rd District congressional seat. Ansari's support for blockchain and crypto innovation and completion of Coinbase's Stand With Crypto questionnaire suggest she may support pro-crypto legislation if elected.
Billionaire Elon Musk has made a donation to a super PAC dedicated to electing Donald Trump to the White House, in a major move by the world's richest man to make his mark on US politics. Mr. Musk has donated to a low-profile group called the American Political Action Committee, according to people familiar with the matter, who spoke on the condition of anonymity to elaborate on his plans. It is not clear how much Mr. Musk has donated, but people familiar with the matter said the figure was sign...
Fairshake PACs have backed more than 20 victories in the 2024 US congressional primaries with huge sums of money, including this week's defeat of an incumbent congressman in New York. Although they did not mention digital assets in their campaign ads, it remains a mystery who controls the funds, how they work and whether they are involved. Fairshake PACs and the companies behind them declined to disclose information about their funding sources and organizational connections.
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