News list for " Action Committee"
Meta Platforms (META. O) said on Tuesday that it would form a California-focused political action committee (PAC) to support candidates advocating for deregulation of technology, especially artificial intelligence, in state-level races. The group is a super PAC that will support candidates from any party who advocate for artificial intelligence innovation rather than strict regulation. Meta plans to invest tens of millions of dollars through the PAC, putting it on track to become one of Californ...
David Bailey, the head of bitcoin treasury firm Nakamoto, has announced plans to form a new political action committee (PAC) and intends to raise between $100 million and $200 million to advance bitcoin priorities and become part of the bitcoin voter platform. Bailey said he wants the PAC to be based on Nakamoto, which plans to buy hundreds of millions of dollars in bitcoin by Aug. 11, even though Nakamoto currently holds only 21 bitcoins. Bailey has raised about $1 billion to invest in bitcoin,...
Bitcoin Magazine CEO David Bailey tweeted that he plans to raise more than $100 million to form a "Fairshake PAC" focused on bitcoin-related policy issues. Bailey said the group would take action against lawmakers who voted against the bitcoin tax amendment in the midterm elections. He also called on supporters to contact senators, calling it a "matter of life and death."
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...
