Activity tagged "crypto lobby"

Read:

"The U.S. Government Shouldn't Fund Empty Crypto Schemes".

David Gerard in Foreign Policy. Published December 18, 2024.

Posted:

Crypto Got What It Wanted in November’s Election. Now What?

Will the cryptocurrency industry’s endemic fraud and risk-taking ultimately be backstopped by government bailouts, funded by taxpayers who may themselves have no exposure to crypto assets? Has crypto become too big too fail?

My latest in Bloomberg Businessweek: Crypto Got What It Wanted in November’s Election. Now What?

Posted:

I wonder if Coinbase routinely calls up newsrooms to try to blackball people who criticize them, or if I'm just special

Posted:

the call is coming from inside the house

Tweet by Marc Andreessen @pmarca "Jawboning" is DC-speak for unconstitutional direct administrative pressure applied by unelected bureaucrats and freelancing politicians with no due process, no transparency, and no way to appeal.<br><br>Quote
Andrew M. Grossman
@andrewmgrossman 1. Limit "jawboning" with an EO and personnel changes. The most widespread abuses aren't from regs, published guidance, or enforcement actions. They're informal: regulators expressing "concerns," raising eyebrows, etc. This "jawboning" comes cloaked in many guises, like
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Read:

"The Worst of Crypto Is Yet to Come".

Christopher Beam in The Atlantic. Published October 30, 2024.

Posted:

The cryptocurrency industry spent almost $200 million to influence the outcomes of the 2024 United States elections. Let's talk about where the money came from, where it went, the cryptocurrency industry's political goals, and what’s next.

Posted:

Visualizing cryptocurrency industry super PAC funding

Sankey diagram illustrating funding flowing from Coinbase, Ripple, Andreessen Horowitz, Jump Crypto, and the Winklevosses, primarily into Fairshake, which then funneled money to other super PACs called Defend American Jobs and Protect Progress, as well as spent the money directly. $131.47M was spent in total

Posted:

so it begins

November 7, 2024 tweet by
Brian Armstrong
@brian_armstrong
She would be the best choice. Smart, fair, professional. Can work with both sides.
Quoted tweet by
Ryan Sean Adams
@RyanSAdams
Nov 6
Hester Peirce for SEC chair.
No one is more capable. No one deserves this more.

Reply: Wrong!

She’s only those things for banks and hedge funds. Retail once again will get screwed over.

Look at her policy voting history and that will tell you, all you need to know.

Horrible idea

Reply: Are you kidding? Shes not for retail and transparency

July 12, 2024 tweet by
Molly White
@molly0xFFF
it's interesting to me that even some on the more ideological end of crypto see billionaire executives and VCs spending money on politicians and go "yes, good, they're fighting for me"

Published an issue of Citation Needed:

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.

Posted:

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

Big text that reads “Big crypto should stop bullying lawmakers for the sake of profits”. Below it: “Surprise, we’re not the PAC” and a “Learn more” button.

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