Crypto Candidates receive $102M support from Fairshake PAC and affiliates
A political action committee (PAC) supporting candidates for federal office in the 2024 United States elections has reportedly raised more than $100 million. The Fairshake Super PAC, along with its affiliated PACs, Defend American Jobs PAC and Protect Progress PAC, collected over $102 million to support candidates who prioritize cryptocurrency. This fundraising amount exceeds the contributions made to Donald Trump’s ‘Make America Great Again’ PAC. The data comes from Open Secrets, a nonpartisan transparency group.
Fairshake, which has previously supported Republican candidates, recently released an attack ad against Democratic Senate candidate Katie Porter from California. Protect Progress backed Democratic candidates Shomari Figures and Julie Johnson for congressional seats in Alabama and Texas, respectively. Both candidates emerged victorious in their primary races and will compete against Republicans in the general election.
Major crypto companies like Coinbase and Ripple have made donations to Fairshake and its affiliated PACs for the 2024 elections. The reasoning behind this significant support is that the cryptocurrency industry could play a decisive role in closely contested races. Republican candidate John Deaton, considered a long-shot to win, has received backing from the crypto community as he challenges Massachusetts Senator Elizabeth Warren.
According to Public Citizen researcher Rick Claypool, there are still eleven primary races with candidates supported by the crypto community in 2024. After the primaries, the focus will shift to the general election, where the influence of super PAC spending may determine control of Congress. Public Citizen also emphasized that these crypto-focused PACs often employ tactics that divert attention from their true intentions while advancing messages that benefit their cause.
The upcoming U.S. general election on November 5 will determine the winners of 435 House of Representatives seats, 34 Senate seats, and the Presidency. The outcome of these elections will have a significant impact on the future of cryptocurrency legislation and policy-making as control of crucial committees within the U.S. government will be at stake.
17 thoughts on “Crypto Candidates receive $102M support from Fairshake PAC and affiliates”
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We should be wary of these PACs diverting attention from their true intentions. It’s clear they have their own self-serving interests at heart.
So, the PACs are supporting candidates based solely on their stance on cryptocurrency? Are we prioritizing digital assets over other pressing issues?
This just proves how money can buy power in politics. The voices of ordinary citizens are being drowned out by these crypto-backed PACs.
This article highlights the importance of the upcoming US general election for the future of cryptocurrency legislation. It’s crucial to elect candidates who understand the potential that crypto holds and can make informed decisions regarding its regulation. Let’s make our voices heard!
It’s disheartening to see big crypto companies pouring massive amounts of money into politics instead of addressing the real concerns faced by everyday people.
Wow, this is incredible news! The Fairshake Super PAC has raised over $100 million to support cryptocurrency-friendly candidates in the 2024 United States elections. This could really shake things up in Congress and pave the way for positive crypto legislation.
This PAC is just another way for the wealthy to manipulate the political landscape and gain more power. It’s not democracy, it’s plutocracy.
It’s interesting to note the tactics employed by crypto-focused PACs, as mentioned by Public Citizen. Transparency and clarity are essential to ensure the true intentions are not overshadowed. Let’s stay informed and support candidates who prioritize fair crypto legislation!
This is just another example of money ruling politics and undermining the interests of ordinary Americans.
These PACs are using sneaky tactics to advance their agenda, diverting attention from their true intentions. It’s all about self-interest, not public good.
million raised! That’s no small feat. Congratulations to Fairshake and its affiliated PACs for their impressive fundraising efforts. The future of cryptocurrency in the United States could be greatly influenced by these candidates. Let’s hope for the best!
The support from the crypto community for Republican candidate John Deaton is impressive. 🗳️🚀 It’s encouraging to see individuals within the industry rallying behind candidates who align with their interests. Let’s see how this unfolds in Massachusetts! 🌟💙
It’s frustrating to see the influence of money in politics continue to grow, with cryptocurrency now becoming a major player.
The upcoming US general election holds so much weight for the future of cryptocurrency legislation and policy-making. Each vote counts in determining control of crucial committees that can shape the industry’s trajectory. Let’s make sure our voices are heard, crypto enthusiasts!
This just further highlights the need for campaign finance reform. The power of money in politics is corrupting the very core of our democracy. 💔💸
This news certainly raises the stakes! The 2024 US elections have become a battleground for supporters of cryptocurrency, with millions of dollars being raised to back candidates who prioritize the industry’s advancement. Exciting times ahead for crypto enthusiasts!
Kudos to Fairshake for getting actively involved in the political scene and supporting candidates who prioritize cryptocurrency! This could be a game-changer for the industry and its future in the United States. Let’s keep the momentum going!