Senior Republican officials called Commerce Secretary Howard Lutnick on Tuesday after a new crypto super PAC seeded by his former firm, Cantor Fitzgerald, indicated in a FEC filing that it planned to spend $1.75 million backing Ken Paxton in Texas, Axios has learned.
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A recent CoinDesk survey found 73% disapprove of government officials having crypto business ties, yet 55% weren’t aware of Trump’s involvement, and only 17% knew he co-founded World Liberty Financial.
This underscores why my work at Citation Needed is so necessary.
Issue 105 – The new boogeyman
President Trump’s $TRUMP memecoin is preparing to launch a “Coin Club” membership scheme
No new trial for Sam Bankman-Fried
The White House says Commerce Secretary Howard Lutnick properly divested from Cantor Fitzgerald by transferring leadership to his sons.
Anyway GOP officials called Lutnick about a Cantor-funded PAC planning to spend $1.75M on Ken Paxton and the PAC reversed course, but that’s probably just how independent companies behave when the former owner gets a phone call.
“the whole world, unfortunately, has become somewhat of a casino” says the man who ran multiple casinos, whose company plans to launch a prediction market, and who nominated a CFTC chair who celebrates prediction markets as part of a “golden age” for finance
Sam Bankman-Fried’s affidavit has arrived. He says his attorneys of record had no input into his motion for a new trial, but that he shared drafts with his parents (both attorneys). “They made editorial and organizational suggestions, some of which I incorporated”
He also writes “As I have had to focus on responding to these questions rather than drafting a response to the prosecution's opposition, and because I do not believe I will get a fair hearing on this topic in front of you, I am now requesting to withdraw the Rule 33 motion” (for a new trial)






