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Crypto firms have spent $189M so far on 2026 US election, report says

reuters.com

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Re: Crypto firms have spent $189M so far on 2026 US election, report says

#31

Post by mythrwy »

stanleykm wrote: post #8
khurs wrote: post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

[flagged]

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#33

Post by cyberax »

stanleykm wrote: post #8
khurs wrote: post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

They're idiots. They think that they just need to be buddies with the leading fascist and they're going to be golden. They don't have enough knowledge or curiosity to study what happened EVERY time this was attempted.

Hint: you might be buddies with the big fascist now, but this can change at any moment. And then you're just fodder for his _other_ cronies. Oh, and don't forget that even if you think that you're adept at court intrigue and covert ops, your _children_ might not be so skilled. Will they retain your fortune when the big fascist suddenly decides to... reallocate... some of their wealth?

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#34

Post by [deleted] »

khurs wrote: post #5

Andreessen Horowitz - $51.65m... are they the Goldman Sachs (Vampire Squid) of the Tech world? The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. https://www.rollingstone.com/politics/politics-news/the-grea...

[deleted]

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#35

Post by nemo »

mythrwy wrote: post #31
stanleykm wrote: post #8

Earlier quoted context omitted.

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

[flagged]

Every time I see someone pearl-clutching about speaking honestly about fascists, my mental picture is unsympathetic as well. "Fascist" may be inflammatory but it's certainly not inaccurate. Fascists are a real part of the world, trying to language police them away doesn't work.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#36

Post by mrkramer »

khurs wrote: post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

I remember watching Sky News and hearing that UK political parties were from then on forbidden to take donations in crypto which is just another nail in the coffin of crypto. All started going downhill when Satoshi left his Bitcoin project.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#37

Post by Analemma_ »

khurs wrote: post #5

Andreessen Horowitz - $51.65m... are they the Goldman Sachs (Vampire Squid) of the Tech world? The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. https://www.rollingstone.com/politics/politics-news/the-grea...

Honestly, that comparison is insulting to Goldman Sachs. Goldman at least sometimes provides funding for things beneficial to humanity: infrastructure projects, small business loans, and the like. A16Z has transitioned fully to various incarnations of casino apps and getting rich by getting people addicted to gambling, they are a purely negative force in the world with no upside whatsoever.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#38

Post by saalweachter »

buellerbueller wrote: post #9
bhouston wrote: post #4

The fact that political spending is considered free speech in the US gives the rich and already powerful massive sway in the political system, it is basically tiled hard towards them. And then combined with how PACs hide their funding behind names like "Everyday Americans Making the World Better" when really it just wants to lessen online gambling laws for a billion dollar company, is just brutal. US politics is a dy…

Enabled yet again, today, by the SCOTUS.

What I find mildly interesting is how the older money (eg, the Koch brothers) spent decades creating the current environment (between deregulation on business, cutting taxes on the wealthy, and political ventures like the Federalist Society and Heritage, Inc), but it's come together to create a newer group of rich jerks who are really exploiting it to the hilt.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#39

Post by mrguyorama »

ratelimitsteve wrote: post #12
stanleykm wrote: post #8

Earlier quoted context omitted.

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

if you're in with the fascists they are the most liberty-oriented party. you can do whatever you want, entirely without regard to the law.

But this has never been true. Lots of valuable, productive, and loyal Nazis ended up in political prisoner camps.

Because that kind of kleptocracy runs on constantly fighting factions and incentives and selfishness. The core belief is selling someone else down the river because you can.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#40

Post by lostlogin »

khurs wrote: post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

Crypto money makes a change from Russian bribes.

https://www.bbc.com/news/articles/cj6xwy015ngo

https://www.bbc.com/news/uk-politics-58711151

https://www.theguardian.com/politics/2025/dec/04/lord-evans-...

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