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☆ Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
▼ + stars: | 2024-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than $30 million raised, plus another $48 million in new commitments from centralized crypto exchange Coinbase and Silicon Valley venture fund Andreessen Horowitz, among other companies. All in, a16z has given $70 million to Fairshake as the VC looks to support the PAC's larger mission of building a Congress comprised of pro-crypto legislators. Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. Ripple Labs is another major political donor this cycle that has given around $50 million to Fairshake.

Persons: Fairshake, Andreessen Horowitz, a16z, Chris Dixon, we're, Dixon, Coinbase, Brian Armstrong Organizations: Securities and Exchange Commission, Labs Locations: U.S, Silicon Valley

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, JP Richardson of Exodus discusses crypto interest groups and their final push to back pro-crypto candidates in U.S. congressional races.

Persons: explainers, JP Richardson, Exodus Organizations: CNBC Crypto, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats to $70,000 to close out October: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World's MacKenzie Sigalos reports from Money 20/20 on the growing adoption of stablecoins, and Coinbase's Faryar Shirzad explains why the company is committing money to the 2026 midterms.

Persons: explainers, Crypto World's MacKenzie Sigalos, Shirzad Organizations: CNBC Crypto, CNBC

☆ FTX’s Nishad Singh gets no jail time for role in crypto fraud
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.

Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, “, Gabe, ”, ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

☆ Coinbase's legal chief on crypto's 2024 election spending
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase's legal chief on crypto's 2024 election spendingCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Persons: explainers Organizations: CNBC

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☆ Johnson vows health care overhaul if Republicans win: ‘No Obamacare’
▼ + stars: | 2024-10-30 | by ( Sarah Ferris | ) edition.cnn.com time to read: +4 min

And it’s particularly notable after the Republican party’s high-profile failure to repeal key parts of the health care law during Trump’s first term in office. “Health care reform is going to be a big part of the agenda,” Johnson said at the event. And he said it wouldn’t just be health care getting a massive “free market” overhaul. “We know they’ll do it because I’m convinced that if Roe v. Wade can fall, then anything can fall.”The once-contentious health care law has not been a major theme of the 2024 campaign. Taking a different tact than his previous campaigns, Trump himself has stressed to voters that he wouldn’t eliminate the health care law.

Persons: Mike Johnson, Donald Trump, Johnson, Vance, ”, Trump’s, ” Johnson, Ryan Mackenzie, Susan Wild, Sen, John McCain, Hakeem Jeffries, “, ” Jeffries, I’m, Roe, Wade, There’s, Trump, Kamala Harris, Johnson’s Organizations: CNN —, Affordable, White, CNN, GOP, Republican, Democratic, Republicans, GOP Doctors Caucus, House Democrat, Congress, Trump, NBC News Locations: Pennsylvania, Bethlehem , Pennsylvania, Lehigh, Washington, Michigan, Lansing , Michigan

WASHINGTON — House Speaker Mike Johnson took a dig at Obamacare during an event in Pennsylvania on Monday, telling a crowd there will be “massive” health care changes in America if Donald Trump wins the election. “No Obamacare,” Johnson responded, rolling his eyes. And so health care is one of the sectors and we need this across the board,” Johnson said. Johnson, who has crisscrossed the country to campaign for GOP House candidates, spoke only in broad terms at his Monday event. “If you take government bureaucrats out of the health care equation and you have doctor-patient relationships, it’s better for everybody.

Persons: Mike Johnson, Donald Trump, ” Johnson, Ryan Mackenzie, Johnson, Kamala Harris, ” Harris, he’s, Harris, ” Sen, Tom Cotton, Sen, Mitch McConnell, It’s, ”, “ Organizations: WASHINGTON, GOP, NBC News, Affordable, Trump, Republican, ACA, GOP House Locations: Pennsylvania, America, Bethlehem, U.S, Obamacare, Ky

☆ PayPal drops more than 6% premarket on revenue miss
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. PayPal reported net income of $1.01 billion, or 99 cents per share, compared to $1.02 billion, or 93 cents per share, a year earlier. "PayPal delivered strong financial and operating results during a highly productive third quarter," Chriss said in the earnings release. PayPal reported total active accounts of 432 million, up 1% from a year earlier, and beating the average estimate of 430.5 million.

Persons: Alex Chriss, Chriss Organizations: PayPal, LSEG, Meta Locations: San Jose , California, Braintree

☆ Crypto company Consensys cuts 20% of workforce, citing regulatory uncertainty: CNBC Crypto World
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto company Consensys cuts 20% of workforce, citing regulatory uncertainty: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Coinbase chief legal officer Paul Grewal discusses the crypto industry's final push to get out the vote for pro-crypto candidates across the country.

Persons: explainers, Paul Grewal Organizations: CNBC Crypto, CNBC

☆ Crypto climbs and bitcoin nears all-time high ahead of U.S. election
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto climbs and bitcoin nears all-time high ahead of U.S. electionCNBC’s MacKenzie Sigalos joins 'Power Lunch' to discuss Bitcoin climbing ahead of the election closing in on March highs.

Persons: CNBC’s MacKenzie Sigalos Locations: U.S

☆ Crypto climbs before the election
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto climbs before the electionCNBC’s MacKenzie Sigalos joins 'Power Lunch' to discuss Bitcoin climbing ahead of the election closing in on March highs.

Persons: CNBC’s MacKenzie Sigalos

☆ Crypto donor Chris Larsen on why he's giving millions to the Harris campaign
▼ + stars: | 2024-10-28 | by ( Mackenzie Sigalos | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto donor Chris Larsen on why he's giving millions to the Harris campaignCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Persons: Chris Larsen, Harris, explainers Organizations: CNBC

☆ I've been to over 200 high-end golf courses around the globe. Here are 8 of my all-time favorites.
▼ + stars: | 2024-10-27 | by ( David Weiss | ) www.businessinsider.com time to read: +7 min

I'll never forget Cypress Point Club in Pebble Beach, CaliforniaCypress Point Club is right on the water. Forest Dunes Golf Club in northern Michigan is one of the Mitten State's best-kept secretsForest Dunes Golf Club has trees, water, and greenery. Evan SchillerTo create Forest Dunes Golf Club, golf pro Tom Weiskopf routed 18 holes through aromatic, pine-studded sand dunes in the middle of Michigan farm country. Chris Coduto/Getty ImagesScottsdale, Arizona, is home to over 200 golf courses and is a choice winter getaway for snowbirds from all over. AdvertisementOmni Golf's Grove Park Inn is still popular after 100 yearsThe Omni Grove Park Inn has been around for quite some time.

Persons: —, it's, I've, David Madison, Alister MacKenzie, Robert Trent Jones, Evan Schiller, Tom Weiskopf, Tom Doak, David McLay Kidd, Gamble, Kidd, Chris Coduto, Jack Nicklaus, Donald Ross, Barack Obama, Scott Fitzgerald, Tom Weiskopf's Cabo Organizations: Point, Spyglass, Omni, Service, California Cypress Point, Getty, University of Michigan, Getty Images, North, Cabo del Sol Locations: California, Cabo, Sol, Pebble Beach, California Cypress, Cypress, Pebble Beach , California, Spyglass, Cypress Point, Carmel, Michigan, Roscommon , Michigan, Bandon, Oregon, Brewster , Washington, Columbia, Scottsdale, Arizona, Getty Images Scottsdale , Arizona, Omni Grove, Grove, Carolinas, North Carolina, Pinehurst, Asheville, Mexico, Tom Weiskopf's Cabo del Sol, Cabos, Cortez

☆ An 80-year-old who walks everywhere shares 3 tips for staying active and healthy
▼ + stars: | 2024-10-26 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

She shared her tips for staying active and healthy into older age with Business Insider. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Stothard, who lives in Ontario, Canada, has always been active and hasn't slowed down since she turned 80. Research shows that it's a healthy lifestyle like Stothard's that gives you the best chance of being so active at 80. AdvertisementStothard shared the parts of her healthy lifestyle that she thinks have helped her stay sprightly at 80.

Persons: Sheila Stothard, —, Stothard, Phil Mackenzie, I've, Phil Mackenzie's, I'd Organizations: Business, Service, Allied Market Research, Research, British, of Sports Medicine, University of Cambridge Locations: Ontario, Canada, Toronto, Japan

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Ripple's Chris Larsen is spending millions to back the Harris campaign: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Larsen, co-founder of Ripple, discusses his millions of dollars in donations to back Vice President Kamala Harris' presidential bid.

Persons: Chris Larsen, Harris, explainers, Kamala Harris Organizations: CNBC Crypto, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin eyes $68,000 as it reclaims some weekly losses: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World visits Pubkey, the bitcoin-branded Manhattan bar, to learn about former President Donald Trump's recent campaign visit and how the pub serves as a gathering space for bitcoin enthusiasts.

Persons: explainers, Pubkey, Donald Trump's Organizations: CNBC Crypto, CNBC Locations: Manhattan

☆ Coinbase Ventures lead talks about fund's new AI and crypto investing strategy
▼ + stars: | 2024-10-24 | by ( Mackenzie Sigalos | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase Ventures lead talks about fund's new AI and crypto investing strategyCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. 04:57 2 hours ago

Persons: explainers Organizations: Coinbase, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats after testing support at $69,000 level: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World explores a growing trend of partnerships between crypto and Formula 1 racing teams.

Persons: explainers Organizations: CNBC Crypto, CNBC

☆ Billionaire Ripple founder has given more than $11.8 million to Harris campaign
▼ + stars: | 2024-10-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.

Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, —, American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ Crypto's $130 million congressional election binge has candidates like Utah's John Curtis poised for big wins
▼ + stars: | 2024-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry in his bid to win the Senate seat held by the departing Mitt Romney. "They looked at me like I was from another planet," Curtis told the crowd at the Permissionless conference. Curtis, 64, said he realized then that lawmakers needed to be smarter about regulations and actually understand the user experience. Additionally, the PAC spent more than $1.5 million to oppose Curtis' Republican primary challenger, Trent Staggs.

Persons: John Curtis, Sen, Mitt Romney, Curtis, they'd, Caroline Gleich, James Delmore, Trent Staggs Organizations: Rep, Utah Senate, U.S, CITY, Republican, Democratic, American Jobs PAC, CNBC Locations: Utah, Salt Lake City, Provo

☆ Crypto PAC money backs Utah Senate candidate and others across U.S.
▼ + stars: | 2024-10-18 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto PAC money backs Utah Senate candidate and others across U.S.CNBC's MacKenzie Sigalos reports on the millions of dollars spent by crypto interest groups in the 2024 election to elect industry-friendly candidates nationwide.

Persons: CNBC's MacKenzie Sigalos Locations: Utah

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