The New York Times, February 13, 2024, Crypto PAC Jumps Into Senate Race, Opposing Katie Porter in California
The biggest name and the biggest spender of crypto money in the 2022 election cycle is now awaiting his prison sentence for fraud and conspiracy. But new super PACs have sprouted up as the successors to the collapsed Sam Bankman-Fried empire, and they are making their first big bet of the 2024 election cycle: trying to crush Representative Katie Porter, a Democrat running in next month’s California Senate primary.
The biggest new crypto-focused super PAC, Fairshake, began reserving television and digital advertising across California in a multimillion-dollar buy late on Monday, and it could be a major player in the race’s final three weeks.
