#cryptolobby — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cryptolobby, aggregated by home.social.
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"By harnessing the greed and corruption of the Trump family and its cronies, as well as many Democrats, the #cryptoIndustry has assembled a juggernaut of power that aims to revolutionize the financial system to place #crypto and their businesses at the center of #finance, not just in the United States but throughout the globe. The most immediate economic risk of this is the prospect of a crypto-induced financial crisis..."
https://www.bostonreview.net/articles/the-crypto-chokehold/
#cryptoLobby #USpol #economy #financialBubbles -
"Wealthy #crypto executives and investors supported #Trump and other Republicans with millions of dollars in campaign donations. Now, they aim to cash in."
https://www.thenation.com/article/politics/trump-crypto-bitcoin-corruption/
#USpol #USpolitics #TrumpCabinet #cronyism #CronyCapitalism #2024election #CryptoLobby #tech #SiliconValleyRight -
Coinbase leads crypto lobby surge with 3,475% spending jump since 2017 - Crypto lobby spending in the US has surged 1,386% since 2017, including ... - https://cointelegraph.com/news/coinbase-leads-crypto-lobby-surge-with-since-2017 #unitedstates #cryptolobby #lobby
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Coinbase leads crypto lobby surge with 3,475% spending jump since 2017 - Crypto lobby spending in the US has surged by 1,386% since 2017, includi... - https://cointelegraph.com/news/coinbase-leads-crypto-lobby-surge-with-3475-spending-jump-since-2017 #unitedstates #cryptolobby #lobby
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Read the annotation at https://mollywhite.net/annotations/paradigm-democrat-poll, or listen to the audio version at https://citationneeded.news/paradigm-democrat-poll/. And as always, you can sign up for a subscription and (optionally) pay what you want to support my work at https://citationneeded.news/signup!
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They also claim that “When Democrats come out as pro-crypto, they are following the lead of their own non-white base voters, who view crypto positively”, despite their own poll data showing that about 3 in 4 respondents do not view crypto positively.
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For example, their claim that “1-2% of Democrats who may be leaning towards Trump due the Biden Administration’s hostility to crypto” is a) not 1-2%, b) is not actually sampling respondents “who may be leaning towards Trump”, and c) did not try to establish any causative link.
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You may have seen my post earlier this month about their... creative data visualization.
Unfortunately that isn’t the only flaw in this poll, which tries to make very bold claims from very weak data.
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Rather than my usual newsletter, this is one of my annotations (although newsletter subscribers will have received an issue sharing it as well). I break down the poll point-by-point, with additional context I got from speaking to Paradigm’s team about their methodology.
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I break down yet another poll out of the cryptocurrency industry. This one, via the Paradigm crypto-focused venture capital firm, is focused on Democratic voters. It claims that Democratic politicians, including Harris, need to embrace crypto to attract voters. Is the poll any good?
https://www.mollywhite.net/annotations/paradigm-democrat-poll/
#crypto #cryptocurrency #USpol #USpolitics #CryptoLobby -
Some extracts from my pinned toot concerning the ways in which #Uniswap is a particularly diabolical means of capital extraction devised by #TheNerdReich bros of #a16z, #SequoiaCapital, and the rest (and their obscenely well paid and equally obscenely dishonest lawyers) and how the capital being extracted is currently being funneled into the 2024 election.
(The specifics of the electoral corruption are better documented by @molly0xfff; this is more an in depth explainer of the mechanics of one of The Nerd Reich's more effective grifts.)
#MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich -
Some extracts from my pinned toot concerning the ways in which #Uniswap is a particularly diabolical means of capital extraction devised by #TheNerdReich bros of #a16z, #SequoiaCapital, and the rest (and their obscenely well paid and equally obscenely dishonest lawyers) and how the capital being extracted is currently being funneled into the 2024 election.
(The specifics of the electoral corruption are better documented by @molly0xfff; this is more an in depth explainer of the mechanics of one of The Nerd Reich's more effective grifts.)
#MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich -
Some extracts from my pinned toot concerning the ways in which #Uniswap is a particularly diabolical means of capital extraction devised by #TheNerdReich bros of #a16z, #SequoiaCapital, and the rest (and their obscenely well paid and equally obscenely dishonest lawyers) and how the capital being extracted is currently being funneled into the 2024 election.
(The specifics of the electoral corruption are better documented by @molly0xfff; this is more an in depth explainer of the mechanics of one of The Nerd Reich's more effective grifts.)
#MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich -
Some extracts from my pinned toot concerning the ways in which #Uniswap is a particularly diabolical means of capital extraction devised by #TheNerdReich bros of #a16z, #SequoiaCapital, and the rest (and their obscenely well paid and equally obscenely dishonest lawyers) and how the capital being extracted is currently being funneled into the 2024 election.
(The specifics of the electoral corruption are better documented by @molly0xfff; this is more an in depth explainer of the mechanics of one of The Nerd Reich's more effective grifts.)
#MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich -
Some extracts from my pinned toot concerning the ways in which #Uniswap is a particularly diabolical means of capital extraction devised by #TheNerdReich bros of #a16z, #SequoiaCapital, and the rest (and their obscenely well paid and equally obscenely dishonest lawyers) and how the capital being extracted is currently being funneled into the 2024 election.
(The specifics of the electoral corruption are better documented by @molly0xfff; this is more an in depth explainer of the mechanics of one of The Nerd Reich's more effective grifts.)
#MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich -
the dataviz in this Paradigm (crypto VC) poll about crypto voters is really something
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#TheCryptocalypseChronicles: Of Tech Bros And Trumpers
The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.
tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.
This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.
Ω👇Ω
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers#a16z #MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich
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#TheCryptocalypseChronicles: Of Tech Bros And Trumpers
The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.
tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.
This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.
Ω👇Ω
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers#a16z #MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich
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#TheCryptocalypseChronicles: Of Tech Bros And Trumpers
The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.
tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.
This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.
Ω👇Ω
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers#a16z #MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich
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#TheCryptocalypseChronicles: Of Tech Bros And Trumpers
The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.
tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.
This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.
Ω👇Ω
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers#a16z #MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich
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#TheCryptocalypseChronicles: Of Tech Bros And Trumpers
The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.
tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.
This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.
Ω👇Ω
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers#a16z #MarcAndreessen #SequoiaCapital #BenHorowitz #crypto #COIN #Cryptocurrency #AndreessenHorowitz #ethereum #Sunswap #SwftSwap #LazarusGroup #moneylaundering #FinReg #FinCEN #sanctions #CryptoLobby #USpol #USpolitics #Republicans #politics #CraftVentures #GOP #TheNerdReich
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It’s also worth noting that another Coinbase contribution of $500,000 on March 20, 2024 to the Congressional Leadership Fund (the committee supporting House Republicans) may also fall within the prohibited time frame.
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Regardless of the caricatures that have emerged, most cryptocurrency holders are pretty normal people, with nuanced political beliefs and hopes for the future that go far beyond the tokens they hold in their digital wallets.
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Furthermore, the supposed number of crypto holders (“52 million”!) that companies like Coinbase like to throw around come largely from a poorly-designed survey with methodology its designers seem unwilling to disclose, and are vastly higher than other estimates.
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A glance at the survey design quickly reveals the story the industry was hoping to tell with the results. Even more profound are the kinds of questions that were not included, which could have provided a clearer (but perhaps unwanted) view of voters’ actual beliefs.
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An April 2024 survey funded by the Digital Currency Group and published by the crypto lobbying group The Blockchain Association was not shy about aiming its messaging directly at politicians, trying to convince them of the existence of a sizable crypto voting bloc.
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The cryptocurrency industry has been working overtime to sell a story: that there is a large contingent of voters voting based on candidates’ crypto policy stances. The problem is, it’s a story that does not seem to be well supported by data.
https://www.citationneeded.news/when-did-cryptocurrency-become-a-voter-issue/
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Coinbase has tried to portray its “Stand With Crypto” PAC as having broad grassroots support among over a million “crypto advocates”, and boasts on its homepage of nearly $180 million raised by these advocates.
Its first quarterly FEC filing reveals it has had only $13,690 in contributions from seven people since its creation. Two of them work for Stand With Crypto and two of them work for Coinbase.
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Coinbase's "Stand With Crypto" PAC website is now confirming what I reported earlier.
More than 99% of the amount they claimed was raised by this supposedly "grassroots" PAC is in fact massive corporate contributions to the FairShake super PAC.
https://hachyderm.io/@molly0xfff/112577192621582156
#crypto #cryptocurrency #CryptoLobby #FairShake #Coinbase #uspol #USpolitics
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Here's a glimpse at the spending in each race.
Other outside spending for Curtis mostly came from a super PAC called Conservative Values for Utah, with Defend American Jobs pitching in $5M last minute.
And as I mentioned, Bowman's other opposition primarily came from AIPAC's UDP.
#USpolitics #crypto #cryptocurrency #CryptoLobby -
"Defend American Jobs" was the PAC splashing out in the Utah race. They're the Republican-focused crypto super PAC; "Protect Progress" is the Democrat counterpart.
Though Fairshake (nominally nonpartisan, and by far the highest fundraiser of the crypto PACs) previously made identical donations to both, they've just made another $5M donation to DAJ without a corresponding donation to PP.
DAJ has raised $14.7M so far this cycle; PP $10.3M.
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The two candidates in today's primaries that received substantial backing from cryptocurrency PACs both won their primaries.
1. John Curtis defeated Trent Staggs in the Republican Utah Senate primary, with the help of $5 million in crypto industry funding.
2. George Latimer defeated Jamaal Bowman in the Democratic primary for NY H-16, with the help of $2 million in crypto industry funding.
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Ads run by these PACs made no mention of crypto or technology. In the NY race, ads from Fairshake seemed to align very closely with AIPAC's aggressive campaign against Bowman, echoing their messaging accusing him of antisemitism.
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Total spending this election cycle:
Andreessen Horowitz: $48.9M
Coinbase: $52M
Ripple: $44.8M
Jump Crypto: $15M -
This month alone:
$25M from Andreessen Horowitz
$25M from Coinbase
$25M from Ripple
$10M from Jump Crypto -
The cryptocurrency industry Super PAC Fairshake is now #1 out of all Super PACs by total funds raised.
They've raised more than $175 million to influence upcoming elections in the US, and have more than $100 million of it still waiting to deploy.
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Australia’s peak crypto lobby group drops ‘blockchain’ from name - Blockchain Australia is now the Digital Economic Council of Australia (D... - https://cointelegraph.com/news/blockchain-australia-drops-term-from-name-in-rebrand-banks #blockchainaustralia #blockchainweek #industrybody #cryptolobby #regulation #australia #banks