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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.

youtube.com/watch?v=06DGU_o8h5…

#crypto #cryptocurrency #USpolitics #USpol #video

- YouTube

Bekijk je favoriete video's, luister naar de muziek die je leuk vindt, upload originele content en deel alles met vrienden, familie en anderen op YouTube.
www.youtube.com
#crypto #cryptocurrency #video #uspol #uspolitics

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

Bluesky Announces Series A to Grow Network of 13M+ Users October 24, 2024 by The Bluesky Team Bluesky now exceeds 13 million users, the AT Protocol developer ecosystem continues to grow, and we’ve shipped highly requested features like direct messages and video. We’re excited to announce that we’ve raised a $15 million Series A financing led by Blockchain Capital with participation from Alumni Ventures, True Ventures, SevenX, Amir Shevat of Darkmode, co-creator of Kubernetes Joe Beda, and others.

Bluesky Announces Series A to Grow Network of 13M+ Users - Bluesky

Bluesky
#Twitter #bitcoin #crypto #cryptocurrency #Trump #ElonMusk #bluesky #donaldtrump #substack #Netanyahu #x #a16z #tether #usdt #blockchaincapital #brockpierce

Hundreds of #code #libraries posted to #NPM try to #install #malware on dev machines


source: arstechnica.com/security/2024/…

The malicious packages have names that are similar to legitimate ones for the Puppeteer and Bignum.js code libraries and for various libraries for working with #cryptocurrency.


Dependency hell 👎👿


#software #problem #development #library #dependency #security #cybersecurity #news #cybercrime #attack


Hundreds of code libraries posted to NPM try to install malware on dev machines

These are not the the developer tools you think they are.
Dan Goodin (Ars Technica)
#security #News #problem #software #cryptocurrency #development #cybersecurity #attack #malware #code #cybercrime #libraries #library #npm #install #dependency

Coinbase has been promoting a new $25 million contribution to the Fairshake crypto-focused super PAC, which, like their May contribution of the same amount, appears to be in violation of campaign finance laws prohibiting contributions by federal contractors.

However, when I noted this earlier this week, I was met with a threat from Coinbase Chief Legal Officer Paul Grewal, who tweeted that continuing to report on Coinbase would be “.... unwise”.

#crypto #cryptocurrency #USpolitics #Coinbase

Tweet by paulgrewal.eth on October 30, 2024 @iampaulgrewal Once again, with feeling. Repeating misrepresentations of facts after previously being put on notice is …. unwise. Quoted tweet by Molly White @molly0xFFF 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.
Despite being the subject of our complaint with the FEC pertaining to their $25 million contribution to Fairshake in May, which was also within the prohibited time period, Coinbase has brazenly doubled this amount with a second contribution. While they’ve not (at least that I’ve seen) argued that they were unaware of this campaign finance prohibition, which would already be unlikely given clear warnings on Fairshake’s website that contributions by federal contractors are prohibited, this newest contribution seems to definitively remove that potential line of argument for them. Instead, Coinbase’s only rebuttal to our complainta has been to claim that, despite that pesky federal contract of theirs, they somehow aren’t a federal contractor due to a detail in how the contract is funded. Because the contract is being paid out of the pool of seized cryptocurrencies and other assets known as the Department of Justice Asset Forfeiture Fund, they’ve argued they do not fall within the definition of “federal contractor”16 used by the FEC because they are not paid with “funds appropriated by the Congress” — an argument that lawyers at Public Citizen have plainly described as “incorrect”, and one that we rebutted on August 5 in our supplemental filing (citations omitted here): As the Supreme Court has recently explained, “an appropriation is simply a law that authorizes expenditures from a specified source of public money for designated purposes.” Under this definition, Congress’s ena
Coinbase’s only communications with me since the FEC complaint have been public, made via a handful of tweets171819 from Chief Legal Officer Paul Grewal. In them, he outlined this argument while also insinuating that I am intentionally spreading “misinformation” on behalf of my shadowy backers. While Grewal has come up with this rather creative legal theory under which he argues Coinbase’s contributions were not prohibited, he has not identified any factual errors in my reporting. As far as I’m aware, neither he nor anyone else from Coinbase have commented on our position since we made the supplemental filing on August 5, except to repeat the claim in a tweet19 (without adding any further support for it) that the funds with which they’re being paid are not Congressionally appropriated. Despite that, Grewal retweeted my recent post highlighting Coinbase’s newest contribution and its apparent violation of this prohibition with a threat, writing: “Once again, with feeling. Repeating misrepresentations of facts after previously being put on noticec is …. unwise.” And for the record, Grewal is not some total hack with no legal background, but is in fact an ex-magistrate judge who has somehow now found himself reduced to issuing impotent threats on Twitter for Coinbase. (I assume the position pays pretty well, but I can’t imagine any salary at which I would be willing to post with a straight face that it would be “.... unwise” for a writer to continue to report on my company).
#crypto #cryptocurrency #uspolitics #coinbase

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.

citationneeded.news/issue-69/

#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)
#crypto #cryptocurrency #uspol #uspolitics

Elsewhere, Coinbase’s astroturfed “Stand With Crypto” lobbying group threw a Black Keys concert to benefit Bernie Moreno (R-OH). Perhaps because so few people showed up, half the audience were left watching the backs of the performers. “Weirdest gig we’ve ever played”, said the band.

#crypto #cryptocurrency #USpolitics #USpol #Coinbase

Despite leaving Bernie Moreno off their endorsements list, Stand With Crypto threw a private benefit concert in Akron, Ohio that was nonetheless free to attend for anyone willing to fork over their contact information and download the Coinbase app. Headlining the show was the formerly popular band The Black Keys, self-described “pretty liberal motherfuckers” who once made fun of “right-clicking” NFTs, who have now found themselves playing a show to benefit a staunchly conservative candidate whose election could turn the Senate over to a Republican majority.21 Likely, they chose to take this gig for the paycheck despite all that after they were forced to cancel every concert on their planned tour this summer due to poor ticket sales. The Black Keys themselves, from the stage, referred to the event as the “weirdest gig we’ve ever played” — perhaps referring to the fact that their staging was set up backwards, with the band facing around 250 attendees standing with them on the stage, but leaving the large orchestra seating area empty and the roughly 250 people in the balcony area left to stare at scaffolding for the lights, and the performers’ backs. This bizarre choice was likely related to the fact that only around 500 people bothered to show up for a free concert in a venue that seats five times as many people. After more than thirty minutes of opening remarks extolling the virtues of crypto, during which one attendee joked they’d been tricked into attending a time-share
#crypto #cryptocurrency #uspol #uspolitics #coinbase

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

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.
#crypto #cryptocurrency #fairshake

Coinbase’s Chief Legal Officer Paul Grewal has now replied with a threat:

#Coinbase #crypto #cryptocurrency #USpolitics #USpol

Tweet by paulgrewal.eth @iampaulgrewal Once again, with feeling. Repeating misrepresentations of facts after previously being put on notice is …. unwise. Quoted tweet by Molly White @molly0xFFF 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. 1h
#crypto #cryptocurrency #uspol #uspolitics #coinbase

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

Tweet by Brian Armstrong @brian_armstrong We get the U.S. election results in 6 days, and no matter how you slice it, it will be the most pro-crypto congress ever. But we're not slowing down post-election. Today I'm announcing that @coinbase has committed another $25M to support Fairshake PAC, which they will use leading up to the 2026 midterms to elect pro-crypto candidates. We're also supporting @standwithcrypto in their stretch goal to reach 4m advocates by the 2026 midterms. The crypto voter is already a force to be reckoned with, but it will continue to grow. We're going to keep showing up to protect our customer's rights and help get sensible legislation passed in major markets around the world.
#crypto #cryptocurrency #uspol #uspolitics #coinbase

Follow the Crypto now tracks presidential spending, including spending routed outside of the crypto super PACs.

followthecrypto.org/elections/…

#USpolitics #USpol #crypto #cryptocurrency


Presidential election | Follow the Crypto

Cryptocurrency industry spending to influence the United States Presidential election.
Follow the Crypto
#crypto #cryptocurrency #uspol #uspolitics

Earlier this month, Ben Horowitz pledged to make a "significant" donation to Harris. He's since contributed $2.5 million to BlackPAC, a left-leaning PAC focused on Black voter turnout. They support Harris, but not exclusively.

Recent expenditures by BlackPAC include support for Sherrod Brown, a candidate that crypto super PAC Fairshake has spent $40 million to oppose.

Horowitz has contributed $22 million to Fairshake.

#crypto #cryptocurrency #USpolitics #USpol

FEC report showing a $2.5 million contribution by Ben Horowitz to BlackPAC. Aggregate year-to-date contributions by him to this PAC are $2.5 million.
#crypto #cryptocurrency #uspol #uspolitics

#Microblogging #Service #Bluesky with a new #crypto #investor 😳


Source: bsky.social/about/blog/10-24-2…

This does not change the fact that the Bluesky app and the AT Protocol do not use #blockchains or #cryptocurrency, and we will not hyperfinancialize the #social experience (through #tokens, crypto #trading, #NFTs, etc.).


But taking #money from this swamp is OK? What's the color of money 💵 - don't tell me that it is green cause I know it's red. Dancing with the devil won't change the devil but you.

#finance #blockchain #freedom #business #economy #news #Problem #internet #platform #socialmedia


Bluesky Announces Series A to Grow Network of 13M+ Users - Bluesky

Bluesky now exceeds 13 million users, the AT Protocol developer ecosystem continues to grow, and we’ve shipped highly requested features like direct messages and video.
Bluesky
#business #economy #internet #money #News #problem #crypto #cryptocurrency #freedom #finance #social #socialmedia #blockchain #bluesky #service #microblogging #investor #blockchains #tokens #trading #NFTs #platform

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