The crypto world is buzzing with new Special Purpose Acquisition Companies (SPACs), but investors are not as excited as they once were. Two recent examples are M-3 Brigade Acquisition V Corp. (MBAV) and Columbus Circle Capital I Corp. (CCCM). Both have seen their stock prices drop, raising questions about the future of crypto SPACs. First, let's talk about Columbus ...
In the 2024 U. S. presidential election, billionaires like Elon Musk and Michael Bloomberg spent record amounts, highlighting the influence of wealthy donors. In Maine, a small state with a big idea, residents voted to limit super PAC donations to $5, 000 per individual or entity. This law went into effect on December 1, aiming to curb the power of dark money. Dark m...
Kamala Harris entered September with a significant financial edge over Donald Trump, setting a grassroots fundraising record during her first full month as the Democratic presidential nominee. The Harris campaign's robust fundraising efforts allowed them to outspend Trump's campaign in August, with a majority of their funds going towards advertising. The Democratic ...
The world of cryptocurrency has made a significant impact on the political scene, with crypto-backed super political action committees (PACs) making their first battleground Senate endorsements in the general election. These PACs, led by Fairshake, Defend American Jobs, and Protect Progress, have raised a staggering $240 million for the 2024 election cycle. Their goa...
The crypto industry is on a spending spree, dumping over $119 million into the 2024 U.S. presidential election. This staggering amount is more than even giant conglomerates like Koch Industries, which contributed $28 million to its Americans for Prosperity Action PAC. But what's driving this unprecedented influx of cash? Is it the growing popularity of cryptocurrenc...
The 2024 presidential elections are just around the corner, and a recent report by Public Citizen has shed light on an astonishing trend in political fundraising: nearly half of all corporate donations have come from cryptocurrency companies. A staggering $119 million, largely from Coinbase and Ripple, has poured into the system, with most of it channeled through a s...