Ripple- and Coinbase-funded PAC spends $2M in Florida race with little mention of crypto
Update (Aug. 19, 2:46 pm UTC): This article has been updated to clarify that California held House runoffs on Aug.
Why It Matters
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Key Facts
- Fact 1: 19, 2:46 pm UTC): This article has been updated to clarify that California held House runoffs on Aug.
- Fact 2: 18.
- Fact 3: An affiliate of political action committee (PAC) Fairshake, funded primarily by Coinbase and Ripple Labs, has poured more than $2 million into media opposing a Democratic candidate who did not appear to have taken any prominent position on digital assets before the ads were released.
- Fact 4: According to records with the Federal Election Commission (FEC) as of Tuesday, the Protect Progress PAC had spent more than $2 million on ads opposing Democratic candidate Oliver Gilbert in Florida’s 24th congressional district.
Update (Aug. 19, 2:46 pm UTC): This article has been updated to clarify that California held House runoffs on Aug.
18. An affiliate of political action committee (PAC) Fairshake, funded primarily by Coinbase and Ripple Labs, has poured more than $2 million into media opposing a Democratic candidate who did not appear to have taken any prominent position on digital assets before the ads were released. According to records with the Federal Election Commission (FEC) as of Tuesday, the Protect Progress PAC had spent more than $2 million on ads opposing Democratic candidate Oliver Gilbert in Florida’s 24th congressional district.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
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