News list for "Secret political action"
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 "...
As of the end of May, the U.S. Crypto Super PAC Fairshake raised $160 million, demonstrating the growing influence of the crypto industry in Washington, D.C. CNBC Crypto World reported the news and explored the importance and future potential of crypto super PACs in the political realm.
On June 18, the Fairshake Group, a political action committee (PAC) backed by cryptocurrency companies including Ripple and Coinbase, has invested more than $2 million to oppose incumbents in the Democratic primary for New York's 16th Congressional District. According to the Federal Election Commission, Fairshake's funds are mainly used for media advertising aimed at preventing the re-election of Democratic Rep. Jamaal Bowman. As of June 16, outside interest groups had accumulated about $9 milli...
7x24 Newsflash
Hot News
