PAC

PuddingResponsible33

Sadly how I gain my info sometimes. He is an outcome from what the super PAC decides. Watched like two minutes of an HBO special and just made me sick. If you focus on the head of the snake you'll lose. It will grow back.

DoinggoodBeingbad

But what's different is that whales are getting access to trump by paying into his personal wealth v his PAC. That's a lot more corrupt, even by the low standards we have in our existing system of legalized bribery.

Yee4614

I am bullish on XRP.  The roadmap looks promising with the SEC case settling (officially), ETF potential, ISO regulations coming soon, and more regulatory clarity.  Ripple has positioned itself well.  It has a large political footprint thanks to its PAC efforts, it has a massive number of bank partnerships, and it solves a problem much better than the current method.   The downside is that actual XRP usage is pretty low.  Is this banks being scared due to regulations, banks moving slowly, or something else?  There is a lot of “this is about to blow” stories that repeat year after year.  Regardless if it is real or marketing hype, I have a big bag so you should obviously buy it asap and continue buying it until i decide to sell.  

vonkrueger

It mostly boils down to BTC except for: - it's PoS instead of PoW these days - it's used to power the world's most expensive decentralized VM (not a bonus, usually) - it's not (as?) overvalued as BTC in any given month. All of the top crypto currencies IMHO are likely to bounce between slightly lower than they are now and somewhat above where they are now for the next year or so, if history is any indication. But we've seen the power of "digital assets" being used as an loophole/workaround to national PAC contribution limits, which is a big part of where the real value lies - buying power directly with money. And *that* value is stronger in more anonymous coins, which is why I consider XMR to be one of the few truly *undervalued* crypto assets, at least while it remains still as-of-yet undiscovered by the masses. That said, my own strategy doesn't depend on what ETH or even BTC is doing "this week" - it's more of a long-term "play" based on the unavoidable realization that fiat currency is ultimately going the way of the dodo bird, whether that takes years or decades.

thisisnahamed

He did install a new SEC that removed all pending investigations.. So yes they are thankful. But let's not forget the PAC the crypto bros like Brian Armstrong created and funded to help Trump win. Daylight corruption.

username7343

I would think a member of XLM, Circle, Exodus, Anchorage Digital, Robinhood, Moonpay, Ondo Finance, TRX and the Winklevoss twins would also be there. This is based on either political donations to his campaign or inauguration and/or other financial ties that are pro MAGA in some way (Justin Sun bought 75 million worth of Trump coin, Jeb McCaleb donated to PAC calling for Biden to leave the race, etc).

Due-Candy-8929

Bankman-Fried “Public records of Bankman-Fried’s money show it primarily went to support Democratic committees and candidates. He donated $6 million to the House Majority PAC, the main outside group supporting House Democrats. He also gave $250,000 to the Democratic Congressional Campaign Committee and $66,500 to the Democratic Senatorial Campaign Committee. The bulk of his political donations — $27 million — bankrolled the “Protect Our Future PAC,” a group advocating for pandemic preparedness. The “Protect Our Future PAC” spent $24.2 million on independent expenditures (mailers, ads) to support 19 Democratic House candidates including Rep. Lucy McBath of Georgia and recently elected Reps. Maxwell Frost, of Florida, and Jasmine Crockett, of Texas. Carrick Flynn, who unsuccessfully ran for Congress in the Oregon Democratic primary, saw $10 million in outside spending from the “Protect Our Future PAC.” Under federal campaign finance law, candidates are supposed to have no say or knowledge of outside groups spending on independent expenditures to support or oppose them. Republican donations Bankman-Fried said in an interview in late November that his donations to Republicans were roughly equal to those he made to Democrats, but that “all my Republican donations were dark.” He also said he made all of these donations during the primary contests. “Reporters freak the f*** out if you donate to a Republican, because they’re all super liberal. And I didn’t want to have that fight, so I just made all the Republican ones dark,” he said in the interview, adding he thought he may have been the “second or third biggest” GOP donor this cycle. “ On the XRP front you are actually incorrect : retail sales are the ones ruled ‘not a security’. … it’s the institutional sales that continued litigation / fines is about. Kind of weird you flipped that around backwards

Redditour321

Waiting for the new congress, a large number of pro crypto candidates have been voted in thanks to crypto Super PAC.

coinfeeds-bot

tldr; In 2024, the crypto industry in the U.S. underwent a significant political transformation, driven by a $300 million corporate political spending strategy. Following the collapse of FTX in 2022, crypto companies like Coinbase, Ripple, and Andreessen Horowitz formed a super PAC named Fairshake to influence American politics. Despite initial resistance, by mid-2023, the industry realized the need for a political solution to their challenges. Fairshake's unprecedented spending in the 2024 elections led to a shift in political support for crypto, with many lawmakers changing their stance, resulting in favorable outcomes for the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; FTX debtors recovered approximately $14.5 million in November through settlements related to political donations, as detailed in a Dec. 10 court filing. The funds included $6 million from the House Majority PAC and $3 million from the Senate Majority PAC, with additional contributions from other organizations. These efforts are part of ongoing bankruptcy proceedings to reclaim funds linked to donations made under former CEO Sam Bankman-Fried. FTX has also pursued legal actions to recover funds from other platforms and individuals, aiming to prepare for creditor reimbursements by 2025. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Ripple CEO Brad Garlinghouse discussed the creation of Fairshake, a political action committee formed to challenge SEC Chair Gary Gensler's aggressive regulation of cryptocurrencies. Garlinghouse explained that Fairshake emerged as a response to what he describes as a 'war on crypto,' with the SEC filing over 120 lawsuits against crypto companies, including Ripple. The PAC aims to advocate for a balanced legal framework for blockchain technology in the U.S., rather than exerting political influence. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mymainaccount1993

do you still get PAC's/PVC's with that awful sinking feeling. How do you cope nowadays?

SoohGue

Whoever enters now is in fomo and is looking for the 10/100x altcoins, btc doesn’t even look at it. If those who enter now with a PAC in btc because they have studied it and are bullish in the long term, my speech is useless for them and they are already ahead. But how many enter the market now with this mentality? a 5%? maybe I’m too optimistic.. 1 in 100 probably

coinfeeds-bot

tldr; The article discusses the success of Fairshake, a super PAC backed by crypto firms like Coinbase and Andreessen Horowitz, which spent over $170 million in the recent election cycle. Fairshake achieved more than 48 electoral wins, including the defeat of crypto skeptics like Senate Banking Committee Chairman Sherrod Brown. The PAC took a bipartisan approach, focusing on congressional races rather than the presidential election, to build a coalition for responsible crypto regulation. The strategy was to support candidates who favor the crypto industry, demonstrating its potential influence in future elections. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

enfj4life

LMEOW, PAC, BONGO CAT I’d wait for an dip tho

SunDreamShineDay

>They sell to keep their doors open So you think a multi-billion dollar company that in 2024 donated 53 million dollars to a non-partisan PAC for pro crypto legislation is selling XRP to keep the doors open on their 6 offices around the world that 1,200+ employees walk through? That’s some low effort thought about the reality that is Ripple, sure it’s easy to say, but it’s a comment regurgitated. Ripple is an enterprise software and service company with clients worldwide, your comment may apply to many coins and companies but not this one. Regarding market cap, I don’t believe using market cap is an accurate tool of prediction to measure future potential of a coin or network, nor it’s health. • ⁠Market cap doesn’t = value - All that happened was more investors were willing to pay a higher price. In the vast majority of cases, no underlying value was added to these assets, did the network get more users? launch a new technology? or achieve more mainstream adoption? • ⁠Market cap only reflects the last transaction price - it assumes all sellers, buyers, and even all holders, including those that aren’t selling or buying, are at the last transaction price. • ⁠Circulating supply is over accounted - The problem is that it’s hard to tell how much of a coin or token’s supply is available for trading at any given time, and coins lost or unavailable are NOT excluded when calculating market cap (multiplying the circulating supply X last transaction price) • ⁠Market cap doesn’t represent real money invested - if the market cap rises or falls by $100 million, it doesn’t mean $100 million has entered or exited from the asset, in no way helps in understanding the value. Price represents what actually occurs as a result of specific supply and demand conditions, while value is an economic concept that equates all potential future benefits. Here are a few articles on the matter for those interested https://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2 https://medium.com/blockchain-review/why-market-cap-is-a-meaningless-dangerous-valuation-metric-in-crypto-markets-8deb78c50995

coinfeeds-bot

tldr; In 2024, cryptocurrency corporations have significantly increased their political spending, contributing over $119 million to influence federal elections. This spending, primarily directed towards a non-partisan super PAC focused on supporting pro-crypto candidates and opposing skeptics, represents nearly half of all corporate contributions this election cycle. This unprecedented financial involvement by the crypto sector aims to make crypto regulation a key issue for candidates, with the majority of funds coming from companies like Coinbase and Ripple. This surge in spending follows the Citizens United ruling, which allows unlimited corporate contributions to super PACs, and positions crypto corporations as major political spenders, second only to fossil fuel corporations in total election-related spending. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Ripple CEO Brad Garlinghouse has endorsed Republican John Deaton in his Senate race against incumbent Elizabeth Warren in Massachusetts. Garlinghouse praised Deaton for his advocacy for XRP holders and the crypto industry. Ripple executives, including Garlinghouse, have donated to Deaton's campaign, and Ripple is a major contributor to a PAC supporting Deaton. The endorsement comes amid debates where Warren criticized Deaton's crypto ties, while Deaton accused Warren of focusing too much on crypto regulation. Warren currently leads in polls. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Rep. Michelle Steel, a Republican in California's 45th Congressional District, is attacking her Democratic opponent, Derek Tran, for owning cryptocurrency, despite receiving significant funding from a crypto industry PAC. Steel's campaign uses Vietnamese-language mailers to link Tran's crypto holdings to the Communist Party of China, a claim based on tenuous connections. This tactic is part of a broader red-baiting strategy targeting Tran, a son of Vietnamese refugees. The attacks have sparked backlash within the Vietnamese community, with some accusing Steel of misinformation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Lemon_Club

He didn't, Chris Larsen did, but he's pretty hands off with the company. Ripple did donate tens of millions of dollars to a crypto Super PAC supporting candidates of both parties that take up pro crypto positions.

coinfeeds-bot

tldr; Political donations from the US crypto industry have surged to over $190 million, marking a significant increase from previous cycles. This growth highlights the industry's influence in shaping US regulatory policies. Crypto companies contributed nearly half of all corporate donations, with over $130 million directed to congressional races. The pro-crypto PAC Fairshake has been a major spender, supporting both Republican and Democratic candidates. California remains a key focus due to its blockchain firms, reflecting the industry's strategic interests in regulatory developments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Nidcron

Term limits don't solve the fundamental problems of many of the issues we face. Until there is a full removal of the Citizens United decision, the dissolvement of every single PAC and a move to completely public funding of elections and a cap to how much any individual can donate to any candidate then we should really start to push the talk about term limits.

badfishbeefcake

Vote for candidate that do not accept corporate PAC money. “I vOtE fOr TrUMp”. The guy gets bribe directly into his business instead of doing insider trading like all the politicians, its even worse.

redubshank

I don't feel like reading into it much but they probably contacted a PAC and told them what they wanted to do. They will open a wallet for that amount.

RedRedRoad

Anyway my friend if this is coming from a place of curiosity - I can tell you that Bitcoin has two options right now: A) It drops (likely over this weekend) from 68,600 as a high to 36,000 and possibly 7-10k B) It rises first to grab liquidity - should not go any higher than 72,500 - followed by the same drop mentioned above Bitcoin ALWAYS runs after where the liquidity is. It’s like PAC MAN, chasing and eating the marbles (liquidity). It does where the marbles are. Bitcoin has the masses convinced it broke a major bullish pattern - this is the OPPOSITE case of 2022 when it had the masses convinced it broke down a major bearish pattern. Point being, these patterns don’t hold. Bitcoin goes where the liquidity is located. So now would be a good time when the market is in ultra greed mode, to drop. 70% chance drop from 68,000 appx 30% chance pump first to 72,500

Hot_Difficulty6799

>We need a strong crypto lobby. Not an honest one, though. From the article: >None of the ads viewed by The Post actually mention crypto From [the New Yorker](https://www.newyorker.com/magazine/2024/10/14/silicon-valley-the-new-lobbying-monster): >Soon afterward, Fairshake began airing attack ads on television. They didn’t mention cryptocurrencies or anything tech-related. From [Public Citizen](https://www.citizen.org/article/cryptobros-united-fairshake-super-pac-2024-elections/): >While cryptocurrency policy is Fairshake’s the central issue, the advertisements that the super PAC ran against Porter (which can still be viewed on YouTube) do not mention cryptocurrencies, regulation, or technology policy. The group’s backers may be “one issue voters,” as billionaire venture capitalist Ben Horowitz said, but their strategy shows Fairshake is uninterested in being forthright about its political priorities with the voters it seeks to influence. Since more voters dislike than like crypto, and associate crypto with dishonesty, the crypto PACs can never be honest, and admit that their attack ads are supporting crypto.

alk3mark

[*MUSK DONATES $75M TO PRO-TRUMP SUPER PAC](https://x.com/creativequant/status/1846373765854220472)

Rey_Mezcalero

They should cut back on PAC amounts and political donations. You know the Ripple donation is getting his thoughts and ideas heard well before the long line of regular people

tutoredstatue95

They donate to a PAC, yes. The PAC can spend money on a campaign, but they can't directly give the money unless that has also changed and I am unaware.

JoeSicko

How can they donate that much money directly to a candidate? XRP PAC?

SunDreamShineDay

And Ripple's CLO Stuarr Alderoty Donated $300,000 In XRP To Donald Trump, and CEO Brad Garlinghouse has donated towards helping both parties in the past but seems to be donating to help get a Republican senate in 2024. The story I find interesting is Ripple is the top #7 contributor in 2024, with 52 million in donations, mostly towards the Fair Shake PAC which is a non-partisan PAC trying o get pro-crypto politicians elected.

Orange_Tang

For what? It's a donation to a PAC, not her directly. This is perfectly legal even though it shouldn't be. This is literally the loophole the Supreme Court allowed in citizens united.

coinfeeds-bot

tldr; Ripple co-founder Chris Larsen donated $1 million in XRP tokens to Future Forward PAC, supporting Vice President Kamala Harris' presidential campaign. This marks the first crypto contribution to Harris' campaign. The PAC, which accepts crypto donations via Coinbase Commerce, converts them to USDC to reduce volatility. The donation comes amid Ripple's legal battle with the SEC and highlights the growing role of crypto in political discourse as the 2024 election approaches. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

sadiq_238

"According to Federal Election Commission filings, the donation, made on August 14, was provided in the form of 1.7M XRP tokens." "This contribution marks the first crypto donation to Harris’ campaign, as reported by Fox Business. Future Forward PAC, which accepts crypto donations through Coinbase Commerce, automatically converts contributions into the stablecoin USDC to minimize volatility. "

coinfeeds-bot

tldr; The article discusses the significant influence of cryptocurrency money on the 2024 U.S. elections. Following the collapse of FTX and the conviction of Sam Bankman-Fried, the crypto industry has regrouped, with super PAC Fairshake raising $203 million to influence elections. The focus is on supporting candidates who favor the Financial Innovation and Technology for the 21st Century Act, which would ease crypto regulations. Ohio Senator Sherrod Brown is a key target, with $40 million spent against him. The strategy involves threatening candidates with potential spending, impacting election outcomes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mechanicalhuman

As soon as crypto got it’s PAC war chest, all candidates were interested 

GandalfGandolfini

K. The point is he was incentive aligned to deliver the two justices which is precisely the road block holding it up for the last generation and he delivered despite not knowing or caring for any shit related to Christianity. He is similarly incentive aligned with a less overtly hostile crypto regulatory environment due to PAC funding and direct skin in the game with whatever aave skin grift his sons are pulling despite him not knowing or caring about anything crypto. The 1 thing you can rely on with Trump is for him to attempt to do what's in his best economic interest.

eupherein

It’s through a PAC, she is not directly accepting them

coinfeeds-bot

tldr; A PAC supporting Kamala Harris' presidential campaign, Future Forward USA, is accepting cryptocurrency donations through Coinbase, not Harris' campaign directly. This clarification comes after a Coinbase executive's statement led to confusion. The move by Future Forward USA may indicate a growing acceptance of cryptocurrencies among Democrats, contrasting with the industry's criticism of the current administration's stance on crypto. Future Forward is a hybrid PAC that can contribute directly to campaigns or fund independent advertising. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Hot_Difficulty6799

An interesting aspect here, is that the big centralized crypto PACs, will not admit that they are supporting big crypto, and run attack ads entirely unrelated to crypto, instead. My emphasis: >[W]hen Fairshake and its affiliates spend money to influence races, either by attacking crypto skeptics or boosting crypto supporters, **the ads don’t mention crypto at all**. The super PAC spent $10 million on ads against Rep. Katie Porter in California’s Senate primary and $2 million against Rep. Jamaal Bowman in a primary contest in New York. Rather than criticizing candidates for not sufficiently supporting crypto, both attack campaigns **smeared the candidates’ using unflattering claims having nothing to do with crypto policy**.

coinfeeds-bot

tldr; In 2024, cryptocurrency corporations have significantly increased their political spending, contributing over $119 million to influence federal elections. This spending, primarily directed towards a non-partisan super PAC focused on supporting pro-crypto candidates and opposing skeptics, represents nearly half of all corporate contributions this election cycle. This unprecedented financial involvement by the crypto sector aims to make crypto regulation a key issue for candidates, with the majority of funds coming from companies like Coinbase and Ripple. This surge in spending follows the Citizens United ruling, which allows unlimited corporate contributions to super PACs, and positions crypto corporations as major political spenders, second only to fossil fuel corporations in total election-related spending. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Tech billionaire Ron Conway is withdrawing his support from a network of crypto super PACs, including Fairshake, after they planned to spend $12 million to unseat Senator Sherrod Brown without informing him. Conway, who previously donated $500,000 to a crypto super PAC, criticized the groups for their lack of transparency and for acting against common values. He expressed disappointment in an email to other donors, highlighting a divide within the crypto movement between moderate and Donald Trump factions, specifically naming Brian Armstrong of Coinbase and Marc Andreessen of Andreessen Horowitz. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Hot_Difficulty6799

Crypto *money* is a major factor in this election, below the presidential level. The pro-centralized-cryptocurrency PACs are spending huge amounts of money, to defeat anti-crypto Democrats. Cryptocurrency, as *a policy issue*, though, is no part of this. The big-money crypto PACs make attack ads, to defeat anti-crypto politicians, never mentioning crypto. They attack about other issues. [Even Coindesk](https://www.coindesk.com/policy/2024/08/13/crypto-industry-committing-12m-to-dethrone-sen-brown-in-ohio-pac-says) calls out that crypto-PAC ads don't discuss crypto: >**The group's ads** during its involvement with dozens of races in the primaries – with few exceptions – **haven't mentioned the crypto positions** of the candidates being supported or opposed.

Hot_Difficulty6799

>The group's ads during its involvement with dozens of races in the primaries – with few exceptions – haven't mentioned the crypto positions of the candidates being supported or opposed. Most people dislike crypto, and associate it with scams and dishonesty. The PAC can't put out pro-crypto political advertisements. That would backfire. So the PAC will never honestly admit what they are spending all the money for. Which is dishonest, and a scam. Even pro-crypto media sees through this falsity.

Lord-Kaleb

That’s an interesting question. Surely, many people right now are wondering whether to buy BTC or not, but I believe no one can say for certain if the opportunity has passed or not. One thing I can tell you for sure, even though it might seem obvious (but it’s worth repeating), is that you should first thoroughly study the project and understand if it truly interests you and if you consider it a valuable tool. If your answer is yes, then you can evaluate how and with what level of risk to start buying BTC. For example, a PAC could be a very interesting tool for a newcomer to the sector to accumulate BTC over time and minimize risks caused by volatility. But anyway, to keep it short, the point is that you’ll need to study a lot of things before hitting the purchase button 🙃

TwoWordHaiku

PAC money has taken over Reddit. This shit is being astoturfed in every local subreddit.

AdventurousTear260

Get that guy a PAC

coinfeeds-bot

tldr; Coinbase has refuted allegations that its $25 million donation to the crypto Super PAC Fairshake violated campaign finance laws. The accusation, made by crypto researcher Molly White, suggested the donation could influence a federal contract Coinbase secured with the US Marshals Service for custody and trading services of seized digital assets. Coinbase's Chief Legal Officer, Paul Grewal, clarified that the company is not a federal contractor as defined by regulations, and their payment comes from the proceeds of forfeited assets, not appropriated funds, thus not violating campaign finance laws. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

LeKKeR80

Money. Coinbase has pumped a lot of fiat into the Fairshake Super PAC. Possibly in violation of campaign finance laws since they are trying to become a contractor for the US Govt. Cory Doctorow has a good breakdown over at Pluralistic dot net.

Lemon_Club

The Fairshake PAC has like $200 million Politics is a game where money talks, just how it works

South-Attorney-5209

Easily bought by Super PAC owning techbros. He doesnt care about anyone or anything, just money.

JainaWoW

Weird calling this a U-turn. Many of the signatories have supported Bitcoin for several years, most notably Ritchie Torres, who pushed for the investiation of the SEC for its treatment of crypto. Nikki Budzinski was endorsed by Bankman-Fried's crypto PAC before she was elected.

jawni

>Of the more than $179 million the project reported had been donated by roughly 1.3 million crypto advocates at the time of publication, roughly $178 million went directly to the Fairshake PAC. I don't get it. One pro-crypto PAC just gave their donations to another pro-crypto PAC?

PsychologyCharming

"Public records of Bankman-Fried's money show it primarily went to support Democratic committees and candidates. He donated $6 million to the House Majority PAC, the main outside group supporting House Democrats. He also gave $250,000 to the Democratic Congressional Campaign Committee and $66,500 to the Democratic Senatorial Campaign Committee. " Democrats love Crypto!

user_name_checks_out

> Former President Donald Trump once sang the same tune about bitcoin as many other world leaders. Like Hillary Clinton, Elizabeth Warren, Turkey's Recep Erdogan, the Biden White House, and the Communist Party of China, Trump was against it. "Seems like a scam," he said. "I don't like it because it's another currency competing against the dollar." > Unsurprising, really. Powerful people usually don't care for disruptive technologies that compete with the systems they control. > But the tone is shifting, driven by bitcoin's steep growth in users, an increased recognition of its merits, and the crypto industry's arrival as a fundraising and lobbying juggernaut. Fairshake, the new crypto PAC, has raised $177 million, putting it fourth amongst all PACs and less than $1 million behind Make America Great Again Inc. > Trump's message on bitcoin has also shifted. He now ties bitcoin to his America-first agenda: "We want all the remaining bitcoin to be MADE IN THE USA!!!" He now calls himself the "crypto president," promises to protect bitcoin from "Elizabeth Warren and her goons," and vows to dismantle the hostile regulatory environment orchestrated by the Biden White House. The recently published GOP party platform featured an explicitly pro-bitcoin plank. And, later this month, Trump will headline the world's biggest bitcoin conference. > Crypto adoption is following the path of the internet. It's a rapidly growing industry, well-heeled, and has faced unfair regulatory headwinds and legal persecution. The crypto vote was ripe for the picking by anyone, blue or red or—orange. Trump simply seized the opportunity. That's politics. > Bitcoin is a force of its own, however. In fact, it's a Trojan horse. While some tout bitcoin to line their pockets and others to fill the ballot box, bitcoin exists for neither. In essence, bitcoin is resistance money. It serves those outside the halls of power—especially those vulnerable to financial censorship. Our political and financial elites likely have no need of bitcoin—not unless they themselves someday face political persecution. Censorship-resistant money isn't for the censors—it's for everyone else. > Trump's most strident critics paint a dark picture of a second term—an emboldened president, immune to criminal prosecution, vengeful, plotting against his political enemies, and cracking down on free speech and other civil liberties. Yet, at the same time, they cheer or even conspire for bitcoin's demise. Instead, Democrats should pivot toward bitcoin as insurance in case their fears materialize. Better yet, a pro-bitcoin posture could help prevent Trump's victory in the first place. > Consider first bitcoin as an insurance policy against authoritarianism. We've seen authoritarian crackdowns in other countries, so we can learn from them. Modern authoritarians routinely bend banking systems toward their own ends. They hobble their opposition by strangling financial flows and seizing assets. Russia's Vladimir Putin is typical. Russia famously de-banked the late opposition leader Alexei Navalny and his Anti-Corruption Foundation. Russian activists, journalists, and business leaders have also been financially excommunicated. > In the event of a repressive Trump regime, you will wish you had money that resists censorship—money that an authoritarian cannot control. You will wish you had bitcoin, in other words. Bitcoin, the asset, lives on its own network and operates without the cooperation or permission of financial intermediaries—the very pressure points that enable financial censorship in traditional finance. > Many worldwide have used bitcoin to route around authoritarians. Nearly two dozen human rights advocates from 20 countries attested as much in a 2022 letter to congressional leaders. Famously, Navalny adopted bitcoin in 2016 to route around his censorable Russian bank accounts and funding channels. His organization, the Anti-Corruption Foundation, still uses bitcoin. They did so to pay for his funeral earlier this year, according to CFO Anna Chekhovich. > Censorship-resistant money alone cannot protect civil liberties; encrypted messaging and censorship-resistant publishing protocols are necessary tools too. So is a populace prepared to deploy them in a spirit of resistance, and to defend them in court when necessary. Those who predict a dystopian second Trump term should embrace all these tools and learn how to use them effectively. > Trump hopes to vacuum up the crypto vote. Democrats would be wise to do the same. Recent polls suggested that some swing voters in battleground states care about crypto. Democrats hoping to block a Trump victory in November could court their favor by easing up on recent regulatory crackdowns, treating bitcoin miners fairly and like any other purchasers of energy, and focusing enforcement efforts on actual criminals such as Sam Bankman-Fried, rather than harassing software developers who build privacy tools for bitcoin. As an olive branch, Democrats could also support the bitcoin network as a peaceful mechanism for exporting American values worldwide. > A pivot along these lines needn't be an empty and cynical grab for votes. For it would reflect the stated values of anyone who claims to care about people on the margins. Bitcoin does not discriminate on the basis of creed, color, gender, or ideology. It offers the same services to the powerful and the powerless alike. For a party that touts financial inclusion and equality, bitcoin is a natural fit. > The Democrats could neutralize Trump's recent efforts to capture the crypto vote. With thin margins in battleground states, a few hundred votes could make a difference. > Bitcoin is a tool—and an increasingly important topic in American politics. Donald Trump is willing to use it to his advantage. Are his opponents?

oroechimaru

You havn’t read project 2025 from his PAC supporters, people he previously hired and gave speeches to? Come on meow.

Bitcoin__Is__Hope_

this PAC already exists

Individual2020

You still believe the system works and can correct itself. Build a PAC and so forth. The system is shit. The few in charge call the shots. So PACs form to kiss their asses.

SevenGlass

Some of the most solidly pro-Bitcoin politicians: Cynthia Lummis Justin Amash Ted Cruz A couple that have said / done one or two things quite recently that appear to be outstanding, but I'd wait a while (to see if they stick around / follow through) before including them on the above list: Donald Trump Matt Gaetz There is the pro-"crypto" PAC that has been compiling some information [here](https://www.standwithcrypto.org/politicians). I'd suggest using that list as only a starting point. There are a lot of people with an "A" rating whose only action has been a yes vote on SAB 121. Fortunately you can click through to see more information on each individual candidate and weed through the ones that have consistent pro Bitcoin stances, vs the ones that are simply getting an endorsement based on advocating for "regulating stablecoins" or other such non-Bitcoin nonsense. In other words, your list will likely end up being a much smaller subset of that one.

Thin_Top_1573

Independent only my own crypto - I do feel blockchain technology is a major innovation that we should be leading the charge on. Supporting blockchain tech requires a supportive crypto environment. Currently china holds about 85% of all blockchain patents. We’re falling behind in things. Nevermind the endless use cases for blockchain tech, crypto is another whole financial market in and of itself, which is another massive breakthrough. Don’t you feel we should be embracing this? To be clear, I don’t think Joe Biden knows anything or gives a shit about crypto. He’s close with Elizabeth Warren and listens to her. Elizabeth Warren and Gary gensler are very obviously in the pocket of the central banking industry and crypto is a direct threat to it. Look at declining deposits in major banks. Shit, I keep very little in my major bank checking account. Really it’s just a utility account at this point, sometimes I need to use the banking system, so I have that account when I need it. Although the dictator concern is obviously much broader and realer with trump, I do feel Biden has deferred financial decisions to Warren and that was a massive blunder. Understand, coinbase sued the SEC in an attempt to get a unique set of rules for crypto after gensler refused. Unfortunately they lost. Gensler refuses to treat crypto uniquely. “We don’t need new rules, we have rules, crypto needs to fall in line.” Do you really feel crypto should be treated like the normal stock market? Gensler is trying to force the square peg of crypto into the circle hole of traditional finance. It doesn’t fucking fit. Crypto companies have made good faith efforts with gensler. His response? Suing them. Jesus fucking Christ, we haven’t even come to consensus that the SEC has jurisdiction regulating crypto. Asleep at the wheel. We need new legislation specifically for crypto and we need our own agency. Elizabeth Warren introduces regulation it’s basically written by the central banking industry. Warren said she would make a “anti crypto” army. Who wants this? Is anybody actually against crypto? But bidens fucking asleep at wheel. They got Biden to veto a bipartisan bill that passed with a huge majority. Passed 60-36, and he vetoed it. When have these two sides worked together on anything? And hen they finally did, on something that would have helped the industry, they got Biden to veto it. It’s not lost on me he did it on a Friday afternoon, hoping it would get buried over the weekend. I haven’t voted for a republican president in my lifetime. I’m an average dude. I’m not a bot. I’m not a shill. I’m a guy making a last ditch effort to get people to tune it because Bidens gonna lose the election over this. I want to vote Biden but they have to fix this. They need to fire gensler asap and make a huge comment on it. I’m typing all of this because I feel this is a much bigger issue than people realize. The dems are asleep at the wheel here. Who do you think coinbase employees are voting for? Kraken? Gemini? Anyone working in crypto has to vote trump by default at this point. If you still think I’m shilling for trump, I assure you I’ll gleefully vote Biden if they reverse course on crypto, yes, I understand it’s a long shot. I’m putting in this work here hoping people who matter read it and understand they fucking dropped the ball big time here. I’m voting trump. The only way to win my vote back is to fire Gary gensler and acknowledge they recognize he was harming crypto and they want to support the industry. Stand with crypto, the political action committee that the crypto companies have established and is better funded than any other PAC out there (look it up) who do you think they’re supporting? Remember, 2 years ago the SEC approved the coinbase IPO and coinbase became a publicly traded company. A year later, with virtually no change in their business model, the SEC sued coinbase. Why approve them going public if there’s something inherently wrong with what they’re doing? Does that make sense? What’s been happening in crypto feels dystopian and is better aligned with trumps nazi bullshit, but somehow the dems have turned a blind eye to it. Give me my fucking crypto, or we’ll fucking give you trump. Wake the fuck up.

Thin_Top_1573

Remember, you’ve got people like mark cuban (a Biden supporter) tweeting things like “Gary gensler could literally cost Joe Biden the election” - this is a massive issue and the dems are totally asleep. This is fucking money we’re talking about, and the dems are devaluing and harming our assets. This is a problem. Watch. Might not be until the election is over, but you will eventually hear how big of a role crypto played in this election. And again, remember the big crypto companies are working. They have a massively funded PAC and they are funding pro crypto candidates and it’s been working. The dems are giving this election away by being against crypto. There’s no votes to win for coming out against crypto. There only votes to lose. I recognize Biden likely has no clue about this shit, but unfortunately these are his people on his watch.

Thin_Top_1573

Will embrace? When do you see that happening? Most people are fucking clueless as to what’s actually been happening with crypto. If you’ve been deep in crypto for years, over the last 4 years you have seen radical changes regarding your options of what, how and where you can crypto. It’s been gradually getting worse and worse. If this doesn’t make sense to you - you don’t crypto. Gary gensler actually demanded coinbase stop selling every single crypto except bitcoin. Read that last sentence again. Coinbase said we’ll see you in court. Let me so bold as to say it right now - I invite all your shit talking and laughs. Joe Biden and the democrats lost their reelection bid in 2024 when they underestimated the massive influence and money of crypto and its users. I think trump may be the worse thing that’s happened to America in my lifetime, guess what? I’m actually considering voting for him. Solely because of crypto. Crypto is a massively intertwined in my life and at this point, there’s no way around it, whether is just the banking industry and gensler/warren, or the Democratic Party as a whole, they clearly have, are, and will continue working against crypto. Biden signaled he was changing course with the Ethereum ETFs, and then a week later he vetoed a an extremely rare bipartisan bill that again, works to isolate crypto. He also did it late on a Friday afternoon hoping it would get buried. There are no votes to win by being anti crypto, only votes to lose. Meanwhile the crypto companies have established a major PAC that has deep pockets. There was a massive red wave in the European elections recently, coincidentally, the winners are pro crypto. Biden. You fucking moron democrats. If you continue to underestimate the importance of crypto to these elections, you will lose. I will vote for trump in a swing state because crypto is the number one issue for me. I don’t think trump is a good person. I think he’s bad for everything. But you’re slowly banning crypto and trump is telling me he’ll shut that shit down immediately. Fucktards. Trump in 2024 via democrats asleep at the wheel on the importance of crypto. Set your reminder and talk shit to me.

waldito

People with enough unrealized gains will make sure that does not happen by ~~bribing~~ donating assets to some PAC. They are already doing that at the moment.

coinfeeds-bot

tldr; Ripple has announced an additional $25 million donation to Fairshake, a super PAC supporting pro-crypto candidates for the 2024 US elections, doubling its previous contribution. This move underscores Ripple's commitment to fostering a pro-innovation political climate in the US. Ripple CEO Brad Garlinghouse emphasized the importance of educating voters on crypto's future role and combating anti-crypto stances among policymakers. The company's efforts align with broader industry initiatives to promote a regulatory environment favorable to financial technology advancements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CryptoNerdSmacker

This sub is fucking foolish. One on hand - Trump incoherently mumbles the word “crypto” and this sub creams their shitstained white undies On the other hand - Ripple donates $25 million to a pro crypto Super PAC which will undoubtedly go a long way to crypto friendly/favorable legislation. This sub? “reeee bribery reeee” Fucking buffoonery.

coinfeeds-bot

tldr; Ripple has donated an additional $25 million to Fairshake, a crypto-focused political action committee (PAC), bringing its total contribution to $50 million. This donation is part of a broader effort by the crypto industry, which has collectively raised over $100 million for Fairshake, to support pro-crypto candidates in the upcoming elections. Ripple's CEO, Brad Garlinghouse, emphasized the importance of advancing policies that foster financial innovation in the U.S. and criticized the SEC's regulatory approach. The donation aims to educate voters and influence policy in favor of the crypto industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

antiwrappingpaper

Of course that's what one of the people behind the crypto PAC is going to say, why would they go against that narrative, which benefits them? What's next, you're going to tell me what Gary Gensler said? I'd rather listen to the people "in the middle" here, which are the lawmakers and the current administration, to understand where this is going, rather than listening to the narratives of the two competing parties. And yes, it is a childish mentality (but I get it, it works with the weak of mind), much like your comment above.

hiredgoon

> “I wanted to send a message,” Sen. Cory Booker, who was one of 11 Senate Democrats who supported the SEC rollback, said in an interview. “I’m frustrated because we haven’t had a chance to debate any of the real [crypto] bills.” >House members will have to go on the record again next week. >“There’s still some big names on the Democratic side who haven’t made their thoughts known,” Rep. Wiley Nickel of North Carolina said. >Key Democrats are still resisting the effort. Rep. Maxine Waters, the top Democrat on House Financial Services, and Rep. Stephen Lynch plan to rally opposition to the legislation on the floor next week, aides said. >But it’s not clear how other senior Democrats may come down. House Democratic leadership has yet to decide whether to whip against the crypto legislation scheduled for the floor next week, said another aide granted anonymity to discuss closed-door conversations. >The votes are giving the industry’s campaign arms a clear look at where lawmakers stand as crypto super PACs begin to spend tens of millions of dollars on the 2024 elections. The goal is to elect allies and eliminate critics. >A spokesperson for the largest crypto super PAC network, Josh Vlasto, said in a statement that the group, Fairshake, is “committed to supporting elected officials and candidates on both sides of the aisle who want to get things done and keep tech jobs in America.” >Crypto lobbyists and industry-friendly Democrats are working to shore up support for the big House crypto bill ahead of next week. In addition to Nickel, they include Reps. Ritchie Torres of New York and Ro Khanna of California. >“The advice I’m giving to Democrats is this: We cannot hand this issue to Republicans,” Nickel said. In short, the answer is because we don't know where most Democrats (and Republicans) stand on the issue when they have to commit to a vote.

Status-Coast2737

Safe my life: 3PAC2EfbaxPiE37qMGEAQhfVwzKcHaeiL2

maxcoiner

You're forgetting that bitcoiner's superPACs are larger than most any other. (I think only the military industrial complex has a larger PAC than we do. Maybe big pharma too.) This simply would be lobbied into oblivion.

Ultra918

Problem was it was not "much value" at this time. And I thought I can hodl it on exchanges and they are safe. I had no intention to cash out. I was lucky I bought some coins early like PAC or Decentralland. I didn't care much and this was a mistake. After the cryptopia hack I don't wanted to do anything with crypto again. I was depressed and left the crypto space. The Bullrun in 2021 brought me back and my left cryptos I had were mooning. So I was motivated to start again. But as I said life changing gains with a minimal investment are gone.

coinfeeds-bot

tldr; In the California Senate primary, a super PAC named Fairshake, funded by cryptocurrency companies and executives, spent $10 million on ads against Rep. Katie Porter, contributing to her third-place finish. The crypto industry aims to influence the 2024 election cycle by supporting candidates favorable to crypto laws and opposing those who are not. The industry's involvement in politics has grown despite recent controversies, including the conviction of FTX founder Sam Bankman-Fried. The California Senate race is seen as a key battleground for the crypto industry's political ambitions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Sharlach

Elizabeth Warren isn't in control of the Democratic party, and there's plenty of other Dem's who are pro crypto. This very PAC support Adam Schiff over Porter in California, and he won out in the primary over her. The party is very much split on crypto, and that's true in the leadership and the voting base.

Lemon_Club

I like that this is a Bipartisan PAC supporting pro crypto candidates from both parties, this shouldn't be a left/right issue. It's congress, you gotta throw money at it to get things done so I'm for it.

coinfeeds-bot

tldr; The crypto lobby in the United States has issued a warning to political candidates, demanding their support or risk defeat in the 2024 elections. Citing the defeat of Representative Katie Porter as evidence, the industry highlights its financial influence and plans to back cryptocurrency-friendly candidates. With significant funding from billionaires and a pro-crypto super PAC, the lobby aims to shape the political landscape. The lobby's efforts include a $75 million war chest for the elections, with notable backers like Coinbase CEO Brian Armstrong and the Winklevoss twins. The industry faces challenges from legislative proposals but seeks to promote balanced regulation that fosters innovation while addressing concerns. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Lurko1antern

Without reading the article or knowing anything beyond the clickbaity headline, I'm 100% sure that this is in reference to some PAC or other Trump-affiliate organization that includes crypto as part of their funding strategy. Donald Trump has probably never heard of ethereum.

bomberdual

It's like there are PAC(s) dedicated to deploying people on Reddit to brigade and paint narratives. Scummy.

Lurko1antern

Biden has never posted anything on twitter. His press secretary Karine Jean-Pierre controls the POTUS, White House and Joe Biden twitter handles. The laser-eyes on the Biden photo was just meant to continue the "Dark Brandon" meme, as well as implying the KC win was because certain players or Swift were endorsing Biden. That's it. I say this as a Trump-supporting Republican: I would love it if Biden was pro-Bitcoin. But the inherent nature of Bitcoin is the complete opposite of establishment-liberal policy. There's a "chance", however slight, that bitcoin/crypto enthusiasts can win over Trump, who had a PAC that used NFT's as a fundraising mechanism. There's zero chance a major Democrat politician can come over to crypto side.

backcountrydrifter

The CCP and Russia have been staging up hundreds of thousands of people in Ecuador, Nicaragua and Venezuela for a 5th column invasion of the United States because Xi needs farmland to feed 1.4B people. National guard troops take their orders from governors and not the federal government. Trump tested this during the George Floyd protests when he asked the “loyal” Republican governors to kiss the ring and send troops to DC to “shoot the protestors in the legs” because the pentagon reminded him that using U.S. troops against U.S. citizens would be both treason and wildly illegal. Bannon tried unsuccessfully to privatize a part of the southern border wall but failed due to, unsurprisingly, internal corruption. Bannon was arrested on the boat of Guo Wengui who is some sort of convoluted double/triple agent for the CCP. They are now both in court for a billion dollar fraud. Every GOP congressmen that took Russian political money is desperately trying to figure out how to preserve their political career while the people are figured out that they were sold out to the dictators for some PAC money. Freedom is never free. We all just live on very expensive credit and the sacrifices of others. Make it count

Jpotter145

lol - this isn't about votes. Its about super PAC money/funding and favors. Nobody gives a shit about voters, it's not like we have any other options.

Wagmitravel

Good thing 1 sat = 1sat. PAC man life. Nom nom nom.

EmbraceHegemony

lol imagine thinking Trump owns crypto is good for crypto. "Hey, this notorious con artist ALSO likes this thing, isn't that great?!" For anybody interested in the [truth](https://qz.com/sam-bankman-fried-ftx-republicans-democrats-mid-terms-1850738188): Bankman-Fried was one of the GOP’s (and the Democrats’) biggest donors Bankman-Fried was a known Democrat donor—one of the party’s biggest, in fact, but only after FTX collapsed did he reveal he had donated to the Republican party, too. In one interview last November, Bankman-Fried admitted to donating roughly equal amounts to Democrats and Republicans but made sure that “all my Republican donations were dark.” He said he did this because he felt the press had a tendency to “freak” when donations were made to the Grand Old Party (GOP). At the 2022 midterm campaign funding cycle, he said he may have been the “second or third biggest” GOP donor. Among the various donations, Bankman-Fried gave $27 million to the “Protect Our Future PAC,” a group advocating for pandemic preparedness. This was 95% of the $28.5 million raised by the group, which spent $24.2 million to support 19 Democratic House candidates. Other FTX executives made donations in their own names. For instance Ryan Salame, co-CEO of FTX Digital Markets, donated $24.5 million to Republican candidates through the party’s “WinRed” platform. The new indictment came days after US judge Lewis Kaplan revoked the $250 million bail he had granted Bankman-Fried last December over alleged attempts to influence witnesses involved in the case. Now, the man who once dreamt of buying the island nation of Nauru using stolen money, is awaiting his trial in a New York prison infamous for its poor living conditions—the Metropolitan Detention Center (MDC) in Brooklyn.

bravohohn886

Agreed. Yale once looked at data to find the most innovative coaches in any sport, it was Mike Leach and they interviewed him. Almost took my Cougs to College Football Playoff and we always have the worst recruiting classes in the PAC. Zach Arnett gets fired after taking miss st down the shit in 8 games. As soon as I read the Offensive Coordinator was going to be “Changing things up” I took the Miss st Win total under lol easy cash

hotasanicecube

Most games fail, you can’t find any Grand Theft Auto - San Andreas players anymore… Except PAC-Man. It will live forever.

ContentMountain

PAC. Fuck those guys.

Classic_Row_4258

The story used to be that he made his first Billion doing arbitrage with BTC on Asian Exchanges Over Night they called it the Kim Chi Market (they being the media) Now that was supposedly 2017 and by 2019 he was a billionaire preparing to open FTX while also campaigning and donating to many global NGOs Such as Effective Altruist Institute OXFORD got 10 mil Robert Haskel was even asked about that donation in Time magazine in which TIME then turned it around on Haskel and showed he was actually a lying scumbag (OPPY) He Donated to both sides of American politics but gave Joe Bidens Campaign a Historic payout of 5 million. Even his own mothers SUPER PAC was well funded with a 28million dollar donation that came from FTX ..Seems legit, OH right she was Hilarys Lawyer, FTX had In house EX Attornies from the Firm that handled Facebook anti trust cases, in which Facebook actually sued the government for some retarded amount of money and won...This off the dome so excuse me but I have some info on the parts of this case that came and went last year that made my ears perk up, which is the in house Pharmacy and Doctor, George K. Learner... This is where the story really takes a turn and become something much different that with the military conflicts going on around the same time as when FTX went insolvent is a very interesting tangled web that will be the subject of much more detailed posting soon

Cur_scaling

When you read about his parents' involvement with the business, it makes sense, His father was advising the company on how to avoid taxes and his mother was orchestrating large PAC donations and personal gifts. Those were his role models, dude was fked from the start...

OkSample7

There was a donation to a wildlife foundation. That's the only one I've read about that wasn't a PAC or a candidate.

Spaceseeds

Uhh what? It was sarcasm obviously, don't be a dunce, and it is what happened, if you're referring to his parents basically being the real brains behind the operation so they could fund their own political PAC and enrich themselves

Fox_n_Roll

>super crypto pac I did "the google" so You don't have to: The Cryptocurrency Alliance is an independent expenditure-only committee (Super PAC), founded by cryptocurrency investor and blockchain advocate Casey Botticello. The Cryptocurrency Alliance Super PAC was created to raise awareness about cryptocurrencies and blockchain technology, counter the relentless propaganda espoused by the global bankingelite who are threatened by a decentralized currency, and to oppose legislation and political candidates who intend to regulate cryptocurrencies at the expense of consumer privacy.

Status_Floor1746

Well since you asked Emmer does have crypto backers and guess what almost every politician does. Even Brad Sherman the biggest critic in Congress has had a crypto backed PAC run ada for him. Unlike others Emmer is pushing for Members to be educated on the industry. He want them to know the good, the bad, the ugly. Politicians rarely take that approach so honestly it's misguided to target Emmer who pushes for decentralization

searchingtruth1

We should have a crypto PAC and vote as one voice.

goldyluckinblokchain

In the UK they don't even need to steal the phone they just need to access it for a minute. There is a number you can text to get a PAC code and all someone would have to do is send that text get the code, delete the text and enter the code in another phone and boom number swapped. I'ts important to use biometrics for locking your phone cause if someone sees you enter a code or password etc they could take control of your number very quickly

coinfeeds-bot

tldr; The relevant text of the article is about the donations made by FTX executive Ryan Salame to Republican and conservative PACs. It is mentioned that Salame gave nearly $23 million to Republicans and right-leaning PACs. On the other hand, FTX founder Sam Bankman-Fried admitted to keeping significant sums of his Republican donations undisclosed. Bankman-Fried personally gave $40 million to Democratic PACs and candidates, while FTX US donated to the Republican-aligned Crypto Innovation PAC. The article also mentions the romantic involvement between Salame and Republican candidate Michelle Bond, who received consulting fees from FTX Digital Markets. Bankman-Fried's donations were credited with advancing the agendas of liberal initiatives and supporting winning candidates. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

conceiv3d-in-lib3rty

Bro they requested that becuz they don’t want internet access to be an excuse used by the defense for any reason. Think about it, this is the same prosecution that just had him thrown in jail lol. I promise you there is not a grand conspiracy to go soft on SBF just becuz he donated $40m to some political PACs, the bulk of it going to some pandemic preparedness PAC. With the charges he has and his whole team set to testify against him, he’s going to federal prison for at least 20 years. I wouldn’t be surprised if it’s longer than that.

conceiv3d-in-lib3rty

There’s no way he doesn’t go to federal prison for at least 20 years with the severity of his charges. Fried “donated” $40m to different political PAC in order to buy bipartisan influence and impact the direction of public policy as it related to crypto. That’s not going to keep him out of prison lol.

Ultra918

I wouldn't call it a shitcoin in 2019. It was PAC coin

Ultra918

I bought 2018 PAC. Look on coin marketcap what happened 2019. It was one of my first coins beside Bitcoin and eth I bought. And I was like wtf I got rich and startet to buy all other coins. But poorly I never made this much.

bingorunner

I don’t know a ton about his politics, but this is a smart move. He’s got Miami as a crypto incubator city. MoonPay is based their and just donated to the PAC backing him $500k. Now that crypto donations can be accepted he may see a big influx.

Ultra918

2018 I bought PAC and 2019 I made 19000% in one day with it. I focus some small cap coins in hope next Bullrun one of them is mooning. But that only happened one time in my life. But BTC and ETH are my favorites for safety.