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Submission: On February 13 via manual from US — Scanned from US
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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH Politics SUBSCRIBE FOR $1/WEEKLog in Tuesday, February 13, 2024 Today’s Paper SUBSCRIBE FOR $1/WEEK Politics|Crypto PAC Jumps Into Senate Race, Opposing Katie Porter in California https://www.nytimes.com/2024/02/13/us/politics/crypto-pac-katie-porter-senate.html * Share full article * * See more updates: Election 2024 Feb. 13, 2024, 2:59 p.m. ET15m ago 15m ago Advertisement SKIP ADVERTISEMENT CRYPTO PAC JUMPS INTO SENATE RACE, OPPOSING KATIE PORTER IN CALIFORNIA A group called Fairshake recently revealed that it and two affiliated super PACs had amassed roughly $80 million combined in 2023. Now it’s planning to deploy some of that cash. * Share full article * * * Read in app The crypto PAC Fairshake is planning a blitz of negative advertising against Representative Katie Porter and had begun booking time in markets statewide on Monday.Credit...Haiyun Jiang for The New York Times By Shane Goldmacher * Feb. 13, 2024Updated 2:59 p.m. ET 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. Fairshake revealed two weeks ago in federal filings that it and two affiliated super PACs had amassed a combined roughly $80 million in 2023, with most of the money coming from three major cryptocurrency players: Coinbase, Ripple Labs and Andreessen Horowitz. The California Senate race pits Ms. Porter against Representative Adam Schiff, a Democrat, and Representative Barbara Lee, another Democrat, as well as Steve Garvey, a Republican and a former baseball player. The top two finishers in the March primary will advance to November, even if both are Democrats. Advertisement SKIP ADVERTISEMENT In a statement, Fairshake accused Ms. Porter of taking campaign cash from other industries and misleading the state about her record, saying, “Katie Porter says one thing and does another.” POLITICS ACROSS THE UNITED STATES * Maryland: Larry Hogan, a Republican and a popular former governor, announced that he would run for the state’s open Senate seat, a surprising move that immediately made Maryland a top battleground for control of the chamber. * Montana: Former President Donald Trump endorsed Tim Sheehy for the state’s Republican Senate nomination, putting his powerful imprimatur on the primary race. * R.N.C. Chair: The disclosure that Ronna McDaniel is planning to step down as the leader of the Republican National Committee has set off a new round of jockeying between two of the same men who battled for the co-chairman post in 2023. * Ranked-Choice Voting: Most conservatives have opposed the voting method, which could be on the November ballot in four states. But some say that attitudes toward it on the right could be changing. The group is planning a blitz of anti-Porter advertising and had begun booking time in markets statewide on Monday. The ad released on Tuesday begins, “Katie Porter plays us for fools,” and accuses her of accepting some donations from industry executives. Subscribe to The Times to read as many articles as you like. Shane Goldmacher is a national political correspondent, covering the 2024 campaign and the major developments, trends and forces shaping American politics. He can be reached at shane.goldmacher@nytimes.com. More about Shane Goldmacher * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options