ChainCatcher news, according to CryptoSlate, the FTX creditors' team disclosed in court documents on December 10 that they successfully recovered approximately $14.5 million in funds through small claims settlements in November, mainly from previous political donations.The recovered funds include $6 million from the House Majority PAC and $3 million from the Senate Majority PAC.In addition, organizations such as Forward Action Fund, Mind the Gap, and the American Road People Organization also refunded over $1 million each.

ChainCatcher news, according to DL News, after the cryptocurrency industry invested $133 million in the 2024 election, the pro-cryptocurrency political action committee Fairshake has raised $78 million for the 2026 midterm elections. Coinbase has announced it will contribute $25 million to Fairshake, while Andreessen Horowitz has also pledged to invest over $23 million in election funding for Fairshake and its affiliated PAC.

ChainCatcher News, data from the Federal Election Commission shows that political action committees (PACs) related to cryptocurrency and their affiliated groups have invested over $245 million in the 2024 election cycle. According to Public Citizen, this accounts for nearly half of all corporate donations during the election period.

ChainCatcher news, Elon Musk stated during a live discussion on his social media platform X on Tuesday local time: "The American Political Action Committee will continue to operate after this election." Musk indicated that his super PAC will focus on future elections, including the 2026 midterm elections and local prosecutor races. He reiterated previous comments about wanting to counter progressive donor George Soros, stating: "Some measures must be taken to offset the damage Soros has done to the system."According to documents from the Federal Election Commission, Musk has used the America PAC as a tool to spend over $152 million on Trump and other Republicans in this election. As of 6 PM Eastern Time, the X event attracted about 80,000 listeners, including Musk's mother, Maye Musk. During the discussion, Musk made several predictions, including that he expects Trump to win Pennsylvania by "hundreds of thousands of votes." Musk also predicted that if Harris wins, X will face government scrutiny.Previous report, in October, Musk's super PAC awarded two $1 million bonuses to registered voters in Michigan and Wisconsin, ignoring previous warnings from the Justice Department that these bonuses might be illegal.

ChainCatcher news, according to a Bloomberg report on November 1, 11,000 political groups spent $14.7 billion on the U.S. 2024 election campaign.The report states that the main expenditures of the $14.7 billion include a large amount of television advertising by candidates, parties, and political action committees, frantic fundraising appeals, and a series of door-to-door visits. According to U.S. advertising tracking company AdImpact, the 2024 U.S. presidential election is expected to be the most expensive in history.

ChainCatcher news, according to CNBC, the crypto political action committee Fairshake allocated nearly $29 million in September.According to data released to the public by the Federal Election Commission on Sunday, Fairshake is one of the highest spending organizations across all industries in this election cycle, with nearly $29 million allocated in September. Of this, $20 million was donated to two affiliated PACs, $15 million to the "Defend American Jobs PAC," a single-issue committee focused on cryptocurrency and blockchain policy that supports Republicans; and $5 million to the "Protect Progress PAC," which only supports Democrats.Additionally, Fairshake donated over $1.9 million to Congressman Patrick Ryan (Democrat from New York), over $1.7 million to Congressman Steven Horsford (Democrat from Nevada), and nearly $1 million to Congresswoman Angela Dawn Craig (Democrat from Minnesota). The remaining funds were donated to multiple candidates in Illinois, Colorado, Oregon, Iowa, and Arkansas.

ChainCatcher news, the cryptocurrency-supported Political Action Committee (PAC) Fairshake reports that it has raised over $169 million in donations since its inception and supports candidates by purchasing media or its affiliated PAC (Defend American Jobs and Protect Progress).In documents submitted to the Federal Election Commission (FEC) on October 17, Fairshake PAC reported that it spent over $900,000 on media advertising to support Democratic Congressman Thomas Suozzi in New York's 3rd Congressional District.The PAC also disclosed that it spent over $60,000 on media advertising to support Democratic Congressman Yadira Caraveo in Colorado's 8th Congressional District.

ChainCatcher news, according to a document from the Federal Election Commission, the pro-Trump political action committee Trump 47 Committee raised approximately $7.5 million in cryptocurrency, including BTC, ETH, XRP, USDT, and USDC.The political action committee stated that the latest submitted documents cover donations from July 1 to September 30, but the figures include cumulative contributions. The document shows that at least 18 donors contributed over $5.5 million worth of BTC, while another 7 donated about $1.5 million in ETH.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that Ripple founder Chris Larsen has made the first recorded cryptocurrency donation to Kamala Harris. According to new filings with the Federal Election Commission (FEC), Larsen donated $1 million worth of XRP to Future Forward USA, one of the major super PACs supporting Harris.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that the super PAC supporting cryptocurrency has become the organization that has invested the most funds in the Ohio Senate campaign.The latest advertising spending has made "Defend American Jobs," funded by major crypto companies like Coinbase and Ripple, the largest spender in the state's Senate campaign to date.

ChainCatcher news, the political action committee (PAC) for the cryptocurrency industry is making a significant investment in the Ohio Senate race, supporting Republican candidate Bernie Moreno against incumbent Senator Sherrod Brown.As of September 27, 2024, the PAC, backed by companies like Coinbase and Ripple Labs, has invested $40 million to support Moreno. This massive expenditure has allowed Moreno to quickly catch up to Brown in the polls, with some polls even showing Moreno in the lead.Brown, as the chairman of the Senate Banking Committee, has been skeptical of cryptocurrency, and several crypto-related bills have been stalled in the committee. If Moreno wins, the Republicans could gain a majority in the Senate, which would have a significant impact on the legislative process for the cryptocurrency industry. However, some industry insiders are concerned about Fairshake PAC's attempt to unseat Brown, believing it could undermine the industry's legislative push.

ChainCatcher news, according to CoinDesk, the Fairshake Super Political Action Committee (PAC) and its affiliated organizations announced that they will invest heavily in Senate campaigns in Ohio, Arizona, and Michigan. The committee plans to provide up to $12 million in support for Republican Senate candidate Bernie Moreno in Ohio to challenge the current chairman of the Senate Banking Committee, Sherrod Brown.Brown has a cautious stance on cryptocurrency legislation, while Moreno is a blockchain entrepreneur. Fairshake will also invest approximately $3 million in the campaigns in Arizona and Michigan to support candidates who back cryptocurrency.

ChainCatcher News: Senior advisor to President Biden, Anita Dunn, is set to leave the White House to join a political action committee (PAC) supporting 2024 Democratic presidential candidate Kamala Harris, called "Future Forward." This PAC plans to invest at least $300 million to support Harris's campaign. Anita Dunn has previously met with representatives from the cryptocurrency industry in her personal capacity to discuss digital asset regulation, but it is currently unclear whether cryptocurrency will be mentioned in the PAC's activities.

ChainCatcher news, according to the FEC official website, the blockchain group FairShake has become the largest Super Political Action Committee (Super PAC) in this election cycle, raising over $200 million.

ChainCatcher news, Musk responded to news about political donations on X. He stated that he has indeed created a political action committee (PAC) focused on supporting U.S. presidential candidates, but has not committed to any donations to anyone. So far, the donated funds are "far below" the previously reported level of $45 million per month.

ChainCatcher news, according to TheInformation, a16z founders and renowned venture capitalists Marc Andreessen and Ben Horowitz plan to donate to Trump's political action committee.

ChainCatcher news, according to Bloomberg, Palantir's Joe Lonsdale, along with cryptocurrency billionaires Cameron Winklevoss and Tyler Winklevoss, are major donors to Donald Trump's super PAC, which has also received support from Musk. According to documents recently submitted to the Federal Election Commission, America PAC raised $8.8 million in the second quarter, spent $7.8 million, and held just under $1 million in cash at the beginning of July.According to a knowledgeable source, Musk did not donate until July, so he was not included in this report, which covers donations from the establishment of the committee on May 22 to the end of June. The billionaire posted a message on the X platform supporting Trump after the former president was injured while speaking at a rally in Butler, Pennsylvania, on Saturday night.Lonsdale donated $1 million through his company Lonsdale Enterprises Inc. The Winklevoss brothers each donated $250,000. Other donors include Joe Craft, CEO of Alliance Resource Partners, who donated $1 million. His wife, Kelly Craft, served as the U.S. Ambassador to the United Nations during the Trump administration. These donations indicate that Trump's support is rising among major donors in the tech and finance sectors.