Fun

Arizona primary involving crypto Super PAC’s $1.3M is a squeaker

News Feed - 2024-08-06 03:08:00

Turner Wright5 hours agoArizona primary involving crypto Super PAC’s $1.3M is a squeakerThe primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.2300 Total views23 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onAfter more than a week of tabulating ballots, a Democratic primary between candidates in Arizona’s 3rd Congressional District could come down to a single vote.


According to data from the Associated Press, as of Aug. 5, Democrat Yassamin Ansari was ahead of Raquel Terán by a mere 67 votes, with 99% of the votes counted in Arizona’s 3rd District. Ansari has the backing of the Protect Progress Super political action committee (PAC) — an affiliate of Fairshake and Defend American Jobs — which spent more than $1.3 million to support the Democratic candidate.Vote distribution for Arizona’s 3rd District Democratic Primary. Source: Washington Post


Election officials have hundreds of ballots, if not more, to tabulate before news outlets may declare a winner in the Democratic primary on July 30. However, the race will likely go to a recount, as the margin for victory will be within 0.5% of the total votes cast — roughly 40,000–50,000 — and required under Arizona law.


“We are still hard at work ensuring that every vote is counted,” said Ansari in an Aug. 3 statement.


Terán, who initially trailed Ansari by a few percentage votes, said on Aug. 3 that she was “narrowing the gap” and the race was “too close to call.” Cointelegraph reached out to Fairshake for comment but did not receive a response at the time of publication.


Both Ansari and Terán expressed pro-crypto views before the primary. Ansari’s campaign website proposed “lead[ing] the way in the blockchain and crypto innovation,” while Terán’s said she was supportive of “collaborative approaches to studying blockchain and crypto innovation.”


On July 16, the Protect Progress PAC used more than $1.3 million in a media buy to support Ansari. The Defend American Jobs PAC also disseminated roughly $600,000 in a media buy to support Republican Blake Masters, who lost his primary to Abraham Hamadeh in the state’s 8th Congressional District.


Democrat Andrei Cherny, supported by a Protect Progress media buy, lost his primary to Amish Shah in Arizona’s 1st Congressional District. Shah, a former state representative, voted against an Arizona House bill to clarify income tax issues around crypto and non-fungible tokens in 2022.Crypto influencing elections?


The potential losses in the Arizona primary would come as many experts scrutinize the role money from crypto-focused interest groups may play in the 2024 election season. California Representative Linda Sánchez reportedly called Protect Progress’ support of Ansari as a means to “buy a seat in Congress” and “silence the voices” of certain voters.


Related:Coinbase denies accusation it violated campaign finance laws


Since its creation, the Fairshake PAC and its affiliates have funded ads in favor of or against politicians in several US states, seemingly either to support “pro-crypto” candidates or hamper the ambitions of “anti-crypto” ones. In April, Protect Progress spent roughly $3.7 million to support Democratic candidates in Alabama and Texas who won their primaries.


As of July, Fairshake had reportedly raised more than $202 million, but Federal Election Commission records suggest that some crypto contributions may have been counted twice. The Super PAC has backed and funded media buys opposing candidates in Missouri’s Democratic and Republican primaries, scheduled for Aug. 6.


Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Politics# Funding# Arizona# United States# Elections# RegulationAdd reaction

News Feed

CME Says It Will Launch Bitcoin Options in January
Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange sa
NEAR Protocol Provides Development Grant To InsurAce․io
NEAR Protocol Provides Development Grant To InsurAce․io press release PRESS RELEASE. InsurAce.io has announced that its proposal for a NEAR protocol development grant has now been
Zhiyuan Sun8 hours agoDisney launches NFT platform with Dapper LabsThe NFT platform, dubbed Disney Pinnacle, will go live later this year.2687 Total views89 Total sharesListen to article 0:00NewsJoin us on social network
Top 5 Crypto PR Agencies
Este artículo también está disponible en español. If you’re trying to navigate the ever-changing world of cryptocurrency, you’ll need a PR agency. In the best of time
India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister
India"s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be
South Korean Police Seize Shares From Major Bithumb Shareholder
South Korean Police Seize Shares From Major Bithumb ShareholderSouth Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to B
Cup-And-Handle Pattern Signals Altseason Ready For Launch – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
John Deaton’s crypto backers help outraise Warren in Senate race
Jesse Coghlan7 hours agoJohn Deaton’s crypto backers help outraise Warren in Senate raceCrypto executives from Ripple, Gemini and Kraken were top bankrollers of John Deaton’s Senate campaign last quarter.6190 Total v
World’s 3rd-largest public pension fund buys $34M of MicroStrategy shares
Jesse Coghlan2 hours agoWorld’s 3rd-largest public pension fund buys $34M of MicroStrategy sharesSouth Korea’s public pension fund has just increased its crypto exposure by buying tens of thousands of shares in Micro
Wolfgang Rückerl4 hours agoHow to improve your Web2 business with blockchainAlthough blockchain has become a mainstream topic in the finance and business worlds for several years now, it’s definitely not too late to j
Near introduces multichain transactions from a single account
Amaka Nwaokocha1 hour agoNear introduces multichain transactions from a single accountThe feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for trans
$99 AI necklace puts a ‘friend’ around your neck
Tom Mitchelhill4 hours ago$99 AI necklace puts a ‘friend’ around your neckThe tech entrepreneur who built a COVID-19 tracker as a teen in 2020 has now launched a new AI-powered necklace to combat loneliness. Some say