The revelation this week that a cryptocurrency mogul's million-dollar super PAC donation preceded state Sen. Becca Balint's victory in the Democratic primary for Vermont's open U.S. House seat stunned observers of the closely watched contest. But campaign finance experts say the move is an example of common techniques used to obscure who is influencing federal races.
Seven Days reported Tuesday that the LGBTQ Victory Fund, which spent just shy of $1 million on Balint's behalf in the race, had recently benefited from a $1.1 million donation from Nishad Singh, a top executive at the cryptocurrency exchange FTX. The political action committee's financial disclosures make clear that the lion’s share of the outside spending supporting Balint's run came from Singh's donation.
Bitter debates about outside spending dominated the race in the two months before election day. LGBTQ+ and progressive groups, including the Victory Fund, would ultimately spend $1.6 million backing Balint’s run, and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...