It can't be worse than the banks.
It's a shame the crypto industry is so scummy it makes people avoid real improvements on the monetary system made by Monero.
Crypto firms have spent $189M so far on 2026 US election, report says
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Re: Crypto firms have spent $189M so far on 2026 US election, report says
#62Earlier quoted context omitted.
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It may make you uncomfortable to learn this but fascists - actual ones - are currently active in politics! My hair isn't dyed, for what it's worth. We could argue over the definition of fascism and which politicians fit it which might be more productive than accusing posters of being depressed.
Fascism is a political phenomenon of the early twentieth century. There are no current politicians who are operating in the early twentieth century. So, to speak of “currently active fascists” is anachronistic. Typically at some point in the discussion someone will cite Umberto Eco’s definition of fascism, but other people do not have to accept his extension of the term past its sell-by date.
For the people currently active in politics who espouse heinous policies sometimes (and sometimes not) reminiscent of fascism, then advocate against those policies directly. Using such a vague umbrella term, and one interpreted by many as a distinct cultural shibboleth, isn’t likely to win over the people you need in order to prevail.
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#63The 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…
Political spending is perhaps the most important kind of free speech.
It cost money to print copies of the Declaration of Independence and the Federalist Papers. The New York Times gets into politics quite a bit and is published by a multi-billion dollar corporation.
Where in the Constitution is that activity protected from the government but the First Amendment?
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#64Looks a little bit sensational and .. very much misleading
1- The largest donor, a16z is certainly invested in Crypto, but that's a venture capital firm, not crypto firm.
2- Fairshake PAC is basically a Crypto PAC, so it's obvious that Crypto firms are funding that PAC, right. I quote Wikipedia:
> Fairshake is a Super PAC funded by the cryptocurrency industry that supported pro-cryptocurrency candidates in the 2024 United States elections.[2][3][4][5] Major contributors include Coinbase, Ripple, and Andreessen Horowitz.[6] Fairshake spent nearly twice as much on Republican candidates than on Democratic candidates.[7]
That PAC doesn't look like they are ideologically oriented, they just care about whether a candidate is pro crypto or not, whether it's dems or reps.
3- Leading the Future is not even a Crypto PAC at all, it's an AI PAC
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#65And as if to sprinkle salt on the wounds, the Supreme court today allowed unlimited spending by political parties 'in coordination with allied interests(read the money class)' https://news.ycombinator.com/item?id=48734220
Moneyed interests have always jockeyed for power, but earlier they were held somewhat in check by Congress which had to listen somewhat to voters. With Citizens united in 2010 and corporate media driving polarization to new heights, big money has been able to drown out ordinary voters at at unprecedented scale.
No wonder, the 1% have never had it so good, when they can literally buy the govt they want. Looks like we're headed back to the gilded age and robber barons.
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#66Earlier quoted context omitted.
I wonder why all the libertarian freedom loving crypto guys keep backing fascists
It's not hard to figure out, the fascists have been more explicitly welcoming to crypto freedom or at least put themselves out there to solicit that vote even if you claim their underlying policies aren't. Trump offered the freedom of Ross Ulbricht at the libertarian convention, did Kamala come to the libertarian convention and offer anything?
If you back fascists to promote crypto, your values are fucked.
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#67A 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 guy
"Crypto guy" is understating Christopher Harbone's (alias Chakrit Sakunkrit) reach. He was big in Asian aviation back in the day and is a relatively large player in the British DefenseTech space via QinetiQ. He was also one of the earlier investors in Tether.
He also previously bankrolled Boris Johnson and was his Ukraine advisor [0].
[0] - https://www.theguardian.com/politics/2025/oct/10/the-1m-man-...
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#68The 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…
The decision to allow unlimited political donations in 2010 was certainly one of the worst decisions in the history of the Supreme Court. Care to guess who was behind it? Roberts, Thomas, and Alito. The same corrupt assholes who continue to fuck this country every single time they get the opportunity.
Re: Crypto firms have spent $189M so far on 2026 US election, report says
#69I spent nothing on US election this year and nothing in all previous years.
Partly, because I am not from US, but largely because I have no interests to lobby!
Are elections that run on donations can be considered truly democratic?