FTX’s Ryan Salame is in prison, after a last-minute attempt to use the same dog bite excuse to delay his incarceration a second time.

#crypto #cryptocurrency #CitationNeeded #FTX

Coinbase’s “Stand With Crypto” lobbying group has released a list of 39 candidates they endorse. After noticing some conspicuous absences, I discovered they’re just endorsing candidates with a high likelihood of winning — presumably to later claim a blowout in favor of crypto.

#crypto #cryptocurrency #CitationNeeded #USpol #USpolitics #Coinbase

I plotted Stand With Crypto’s endorsed candidates on a y-axis of likelihood they win their races (as modeled by The Hill).

• 27 of 39 endorsed candidates (69%) have >90% chance of winning
• 32 (82%) have a 75% chance or more
• Only 3 have a <50% chance of winning

Full-size image: https://storage.mollywhite.net/swc-endorsements.png

#crypto #cryptocurrency #CitationNeeded #USpol #USpolitics #Coinbase

My guess is that Stand With Crypto is setting themselves up for a post-election victory lap. I expect a lot of statements along the lines of “Look at all these crypto voters who made their voices heard!” I wonder if they’ve started drafting them already.

#crypto #cryptocurrency #CitationNeeded #USpol #USpolitics #Coinbase

Remember, this is the same group that decided they would fabricate the existence of the “crypto voter” if they couldn’t find evidence to support that these are real (and there isn’t).

Via this excellent New Yorker piece: https://newyorker.com/magazine/2024/10/14/silicon-valley-the-new-lobbying-monster

#crypto #cryptocurrency #CitationNeeded #USpol #USpolitics #Coinbase