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For some reason people fleeing the sinking #Twitter / #X ship for #BlueSky don't seem to be aware of the fact that crypto bros at #BlockchainCapital bought a huge stake in the company just a few weeks ago. Like these are basically the same crypto bros who just helped #ElonMusk buy Twitter. They might even be literally the same people (I strongly suspect they are but I'm too lazy to check). Either way #BlockchainCapital was co-founded by #BrockPierce, who also brought you #Tether, AKA the company that Trump's transition team chairman manages $120 billion for. Pierce is also a friend of the #Netanyahu family.
You don't have to take my word for it. Here's the official press release: bsky.social/about/blog/10-24-2…
Moving to BlueSky is not an escape. Growing a base there is just putting in a bunch of work to create a platform that will be co-opted by crypto bros as soon as X breaks in half.
p.s. crypto bros (#a16z) also own #Substack
#crypto #cryptocurrency #bitcoin #USDT #Trump #DonaldTrump
Republican Jim Banks has won his Indiana Senate race, as the heavily favored candidate. He received $3 million in crypto super PAC support in his primary race, but no support in the general.
followthecrypto.org/elections/…
#USpolitics #USpol #crypto #cryptocurrency
Indiana Senate election | Follow the Crypto
Cryptocurrency industry spending to influence the Indiana Senate election.Follow the Crypto
Republican Jim Justice has won his West Virginia Senate race, flipping the seat from retiring Democrat Joe Manchin. Justice was heavily favored to win.
He received $3 million in crypto super PAC support in his primary race, but no support in the general.
followthecrypto.org/elections/…
#USpolitics #USpol #crypto #cryptocurrency
West Virginia Senate election | Follow the Crypto
Cryptocurrency industry spending to influence the West Virginia Senate election.Follow the Crypto
Democrat Elizabeth Warren has won re-election to the Massachusetts Senate, winning over longshot crypto candidate Republican John Deaton. Deaton received $1.7 million in backing from crypto industry, which also spent a bit over $400K to oppose Warren.
followthecrypto.org/elections/…
#USpolitics #USpol #crypto #cryptocurrency
Massachusetts Senate election | Follow the Crypto
Cryptocurrency industry spending to influence the Massachusetts Senate election.Follow the Crypto
Newsletter: Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.
#crypto #cryptocurrency #USpolitics #USpol
Issue 69 – Nice
Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.Molly White (Citation Needed)
FTX’s Nishad Singh was sentenced to no jail time, and three years of supervised release. He had pleaded guilty to fraud and money laundering charges, as well as a campaign finance charge, and cooperated with the prosecution.
That just leaves defendant Gary Wang left to be sentenced. I imagine he’s feeling some relief after hearing of Singh’s non-custodial sentence.
See my reporting on their previous violation, which is being reviewed by the FEC: citationneeded.news/coinbase-c…
#Coinbase #crypto #cryptocurrency #USpolitics #USpol
Coinbase appears to have violated campaign finance laws with a $25 million super PAC donation
Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake cryptocurrency-focused super PAC in May 2024.Molly White (Citation Needed)
As Grewal already knows perfectly well, we have replied to what he had to say about the complaint in a supplemental filing: citizen.org/wp-content/uploads…
As for being “put on notice”, I don’t know what he means by that.
Coinbase’s Chief Legal Officer Paul Grewal has now replied with a threat:
#Coinbase #crypto #cryptocurrency #USpolitics #USpol
i’ve just noticed that at some point the absolute legends that hold the Fairshake.com domain updated their website. they’re the first google result for “fairshake”, above the website for the crypto-focused super PAC
#fairshake #crypto #cryptocurrency
As an active federal contractor, Coinbase is prohibited from making political contributions, including to super PACs. This makes $50 million that they have contributed in violation of pay-to-play laws for contractors.
#Coinbase #crypto #cryptocurrency #USpolitics #USpol
