As much of the crypto industry avoids picking a favored party in Congress, the brothers atop Gemini decry "bad-faith" Democrats as they give to a new PAC.
The crypto industry is sitting on a massive $141 million to spend on the next round of congressional elections, offering a constant reminder to lawmakers.
Crypto political action committee Fairshake dropped another $1 million on a Virginia special-election candidate, likely heading toward another win.
Two special-election winners that will help bolster Republicans' narrow lead in the U.S. House of Representatives were backed with crypto cash in their races.
The crypto PAC's largesse in Florida special elections — replacing people Trump tapped for his administration, including Matt Gaetz — led to two more victories.
The campaign-financial operation that shook the 2024 elections has returned to dabble in Florida congressional seats vacated by Matt Gaetz and Michael Waltz.
Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs.This latest contribution puts the political action committee in a powerful position to repeat its successes from this year's elections, in which dozens of its favored pro-crypto candidates won their races.
Ripple co-founder and Executive Chairman Chris Larsen said he'd added another $10 million in the Ripple-tied token {{XRP}} in an effort to boost Vice President Kamala Harris as the Democrat faces off against former President Donald Trump in next month's election.
The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio's U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno's opposition of Sen. Sherrod Brown (D-Ohio), the crypto-skeptical chairman of the Senate Banking Committee.
After a very tight victory last week in Arizona that's now facing a recount, the cryptocurrency industry's political forces are shifting their attention toward some of the final U.S. congressional primaries of 2024, including Tuesday's elections in Missouri and Washington state.
Gemini CEO Tyler and his twin brother Cameron Winklevoss, the company's president, have made two of the first major presidential contributions from prominent crypto executives, favoring former President Donald Trump with $1 million each in support, Tyler explained Thursday in a extensive posting on X.
A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry's U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto's biggest names at about $136 million and potentially elevating the sector to the upper echelon of campaign donors.