Ripple CEO Brad Garlinghouse revealed that the cryptocurrency-focused super PAC, Fairshake, was created in direct response to the SEC’s aggressive stance under Gary Gensler. Ripple donated $45 million to the PAC, which significantly influenced the 2024 election cycle.
A Pennsylvania judge ruled in favor of Elon Musk’s political action committee, allowing its $1 million-a-day voter sweepstakes to continue until the US presidential election on Tuesday. The judge ruled after Musk’s legal team clarified that the winners are paid spokespeople, not randomly selected, as initially advertised. The sweepstakes, which has drawn criticism from some, aims to encourage voter participation by offering daily $1 million prizes to individuals who sign a petition supporting the U.S. Constitution.
A Pennsylvania judge has ruled in favor of Elon Musk’s political action committee, allowing its $1 million-a-day voter sweepstakes to continue until the upcoming presidential election. The decision comes despite legal challenges from the Philadelphia District Attorney’s Office, who called the sweepstakes a scam aimed at influencing the election. Musk’s lawyers maintain the initiative is protected as political speech and argue the winners are chosen strategically, not randomly.
Former U.N. Ambassador and South Carolina Governor Nikki Haley has demanded that a political action committee (PAC) claiming to represent former Haley voters who support Kamala Harris’ presidential campaign cease using her name. Haley insists that she and Harris are diametrically opposed on all issues, and any attempt to link her to Harris’ campaign is deceptive and false.
The Lincoln Project, a political action committee known for its anti-Trump advertisements, has disclosed that it lost tens of thousands of dollars to online hackers. According to Federal Election Commission (FEC) records, the group reported two fraudulent transactions totaling $35,000 in February. Lincoln Project spokesperson Greg Minchak attributed the incident to a vendor’s hacked email account, which resulted in the issuance of authentic-looking invoices. The hack affected multiple clients of the vendor, including the Lincoln Project. Minchak emphasized that the fraudulent transactions did not impact the organization’s operations. The group’s compliance firm took immediate steps to mitigate the problem, including notifying the bank’s fraud department and implementing new procedures for invoice and payment confirmation. The Lincoln Project has faced other challenges in recent years, including calls for its dissolution following harassment allegations against co-founder John Weaver.
