News list for " Political Action"
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,...
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.
In an interview at the Conservative Political Action Conference (CPAC) on Thursday afternoon local time, Musk said, "We want to go and see it, it's the public's gold... I think you have a right to see it." He then offered to visit Fort Knox to see if the gold was still there, and said he thought Trump would approve of doing so. "It should be like a live tour where you can see what's going on. I'll see it," Musk said. (Golden Ten)
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 ...
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.
