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Palo Alto City Council member benefits from $265K in independent expenditures from committee that backs pro-crypto candidates
Palo Alto City Council member Greg Tanaka, an avid advocate for digital currency, has received a $265,000 boost from a political action committee devoted to cryptocurrency in his bid to unseat Rep. Anna Eshoo in Congress.
DAO for America, a political action committee established to support candidates who advocate for cryptocurrency, made six contributions to Tanaka in May totaling $265,250. The organization's website states that it is mobilizes voters "in support of candidates who understand the role digital assets can play in leveling the playing field and creating a more equitable society."
These contributions from DAO for America are classified as independent expenditures and, as such, are not subject to the same limits as direct contributions to Tanaka's campaign. According to filings with the Federal Election Commission, the committee used the...
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