{"id":433622,"date":"2022-04-18T22:00:00","date_gmt":"2022-04-18T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-focused-pac-has-used-9m-to-support-democratic-candidates-since-january\/"},"modified":"2022-04-18T22:00:00","modified_gmt":"2022-04-18T19:00:00","slug":"crypto-focused-pac-has-used-9m-to-support-democratic-candidates-since-january","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-focused-pac-has-used-9m-to-support-democratic-candidates-since-january\/","title":{"rendered":"# Crypto-focused PAC has used $9M to support Democratic candidates since January"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a6664a205f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a6664a205f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-focused-pac-has-used-9m-to-support-democratic-candidates-since-january\/#%E2%80%9D_Crypto-focused_PAC_has_used_9M_to_support_Democratic_candidates_since_January_%E2%80%9C\" >&#8221; Crypto-focused PAC has used $9M to support Democratic candidates since January &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto-focused_PAC_has_used_9M_to_support_Democratic_candidates_since_January_%E2%80%9C\"><\/span>&#8221; Crypto-focused PAC has used $9M to support Democratic candidates since January &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNDE5OWU5MzctZWYyMS00OGJiLWJmNmUtM2E3ZTUyMGVmNDM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Protect Our Future, a political action committee set up in January with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives.<\/p>\n<p>According to reported expenditures with the U.S. Federal Election Commission, as of April 14 Protect Our Future has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fec.gov\/data\/independent-expenditures\/?data_type=processed&amp;committee_id=C00801514&amp;is_notice=true&amp;most_recent=true\">used<\/a> $9,024,317 toward supporting the campaigns of Carrick Flynn, Lucia McBath, Shontel Brown, and Jasmine Crockett to represent separate districts in Oregon, Georgia, Ohio, and Texas, respectively. McBath and Brown are incumbent candidates, while Crockett currently represents Texas\u2019 100th district in the state\u2019s House of Representatives. <\/p>\n<p>Protect Our Future used more than $5 million toward mainly digital, television, and radio ad buys for Flynn, a political newcomer who lived outside the U.S. for several years until recently. The PAC contributed roughly $2 million in ad buys and production for McBath and $1 million each for Crockett and Brown. <\/p>\n<p>Running in Oregon\u2019s new 6th congressional district, Flynn seems to have rarely if ever spoken publicly on cryptocurrencies, nor does his campaign website suggest it would be open to accepting donations in digital assets. In contrast, Cody Reynolds, another Democratic candidate running for the Oregon seat, listed \u201cthreatening laws and legislation\u201d on cryptocurrencies including Bitcoin (BTC), web3, and blockchain as one of his key campaign issues, but the page seems to be unavailable or has been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/codyfororegon.com\/en\/issues\/crypto\/\">removed<\/a> at the time of publication.<\/p>\n<p>Nina Turner, against Brown in Ohio&#8217;s 11th congressional district, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ninaturner\/status\/1502339074404888576\">tweeted<\/a> she was opposed to members of Congress being allowed to trade stocks, a stance that could also extend to holding digital assets. Many on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> have criticized Brown\u2019s campaign as potentially favoring policies supported by Bankman-Fried and crypto-focused PACs rather than those of constituents.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our \u201cdemocracy\u201d is an open auction. Now crypto guys are buying politicians across the US. They target people like Shontel Brown who have no moral compass and will do anything a donor tells them. Isn\u2019t it amazing national media hasn\u2019t noticed this at all? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nytimes?ref_src=twsrc%5Etfw\">@nytimes<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/washingtonpost?ref_src=twsrc%5Etfw\">@washingtonpost<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/kkX59Pe4S4\">https:\/\/t.co\/kkX59Pe4S4<\/a><\/p>\n<p>\u2014 Cenk Uygur (@cenkuygur) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cenkuygur\/status\/1515763373211672577?ref_src=twsrc%5Etfw\">April 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong><em>Related: <\/em><\/strong><strong><em>Crypto industry seeks to educate, influence US lawmakers as it faces increasing regulation<\/em><\/strong><\/p>\n<p>Lobbying and campaigns with a focus on the crypto and blockchain industry could become more politically advantageous in the United States with the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> both at the center of attention with sanctions against Russia and President Joe Biden\u2019s March executive order establishing a national policy framework on digital assets. In February, Coinbase filed for a PAC aimed at supporting &#8220;crypto-forward lawmakers,&#8221; but has reported no expenditures with the Federal Election Commission as of the time of publication.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-focused-pac-has-used-9m-to-support-democratic-candidates-since-january\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto-focused PAC has used $9M to support Democratic candidates since January &#8220; Protect Our Future, a political action committee set up in January with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives. According to reported expenditures with the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":433623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNDE5OWU5MzctZWYyMS00OGJiLWJmNmUtM2E3ZTUyMGVmNDM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,70577,70288,71511,32681,70934,67874],"class_list":["post-433622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-donations","tag-elections","tag-government","tag-politics","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/433622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=433622"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/433622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/433623"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=433622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=433622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=433622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}