alt Hacker NewsLooks a little bit sensational and .. very much misleading
1- The largest donor, a16z is certainly invested in Crypto, but that's a venture capital firm, not crypto firm.
2- Fairshake PAC is basically a Crypto PAC, so it's obvious that Crypto firms are funding that PAC, right. I quote Wikipedia:
> Fairshake is a Super PAC funded by the cryptocurrency industry that supported pro-cryptocurrency candidates in the 2024 United States elections.[2][3][4][5] Major contributors include Coinbase, Ripple, and Andreessen Horowitz.[6] Fairshake spent nearly twice as much on Republican candidates than on Democratic candidates.[7]
That PAC doesn't look like they are ideologically oriented, they just care about whether a candidate is pro crypto or not, whether it's dems or reps.
3- Leading the Future is not even a Crypto PAC at all, it's an AI PAC
> That PAC doesn't look like they are ideologically oriented, they just care about whether a candidate is pro crypto or not
Surely the more disturbing thing is that they're spending money at all.
In the olden days a CEO would ring up a politician and say something like "if you vote for this bill, my 50,000 employees in your state will not be happy" — a sizable voting bloc gave those execs power.
Now the crypto companies say "if you vote for this bill, my 1,000 employees in your state will not be happy..." — less compelling, voting-bloc wise — "...and also I will donate millions to your opponent in the primary"