Commerce Secretary Howard Lutnick’s old firm pumps $10 million into super PAC led by Tether executive
Cantor Fitzgerald, the Lutnick-tied financial services firm that owns a stake in and custodies reserves for the stablecoin issuer, is bankrolling a super PAC led by a Tether executive.
"By harnessing the greed and corruption of the Trump family and its cronies, as well as many Democrats, the #cryptoIndustry has assembled a juggernaut of power that aims to revolutionize the financial system to place #crypto and their businesses at the center of #finance, not just in the United States but throughout the globe. The most immediate economic risk of this is the prospect of a crypto-induced financial crisis..."
https://www.bostonreview.net/articles/the-crypto-chokehold/
#cryptoLobby #USpol #economy #financialBubbles
Crypto super PACs have hundreds of millions ready to spend on the midterms
https://fed.brid.gy/r/https://www.citationneeded.news/crypto-super-pacs-2026-midterms/
"Wealthy #crypto executives and investors supported #Trump and other Republicans with millions of dollars in campaign donations. Now, they aim to cash in."
https://www.thenation.com/article/politics/trump-crypto-bitcoin-corruption/
#USpol #USpolitics #TrumpCabinet #cronyism #CronyCapitalism #2024election #CryptoLobby #tech #SiliconValleyRight
They also claim that “When Democrats come out as pro-crypto, they are following the lead of their own non-white base voters, who view crypto positively”, despite their own poll data showing that about 3 in 4 respondents do not view crypto positively.
Read the annotation at https://mollywhite.net/annotations/paradigm-democrat-poll, or listen to the audio version at https://citationneeded.news/paradigm-democrat-poll/. And as always, you can sign up for a subscription and (optionally) pay what you want to support my work at https://citationneeded.news/signup!
For example, their claim that “1-2% of Democrats who may be leaning towards Trump due the Biden Administration’s hostility to crypto” is a) not 1-2%, b) is not actually sampling respondents “who may be leaning towards Trump”, and c) did not try to establish any causative link.
You may have seen my post earlier this month about their... creative data visualization.
Unfortunately that isn’t the only flaw in this poll, which tries to make very bold claims from very weak data.
Attached: 2 images the dataviz in this Paradigm (crypto VC) poll about crypto voters is really something https://policy.paradigm.xyz/writing/Dem-polling #crypto #cryptocurrency #CryptoLobby #USpol #USpolitics
Rather than my usual newsletter, this is one of my annotations (although newsletter subscribers will have received an issue sharing it as well). I break down the poll point-by-point, with additional context I got from speaking to Paradigm’s team about their methodology.
I break down yet another poll out of the cryptocurrency industry. This one, via the Paradigm crypto-focused venture capital firm, is focused on Democratic voters. It claims that Democratic politicians, including Harris, need to embrace crypto to attract voters. Is the poll any good?
https://www.mollywhite.net/annotations/paradigm-democrat-poll/
#crypto #cryptocurrency #USpol #USpolitics #CryptoLobby
Citation Needed
Paria sans portefeuille
Molly White