Political Money Is Flowing to Influencers

The New York Times provides “a rare glimpse into the world of pay-for-play social media, where content creators and marketing firms are increasingly compensated to promote candidates or points of view and where there are few requirements for disclosure.” “The paid advocacy exists outside the realm of traditional lobbying and campaigning, reaching younger, more online […]

How Crypto Billionaires Are Trying to Buy a Senate Seat in Alabama

From a billionaire’s perspective, a US Senate seat can be tantalizingly cheap. In 2022, Peter Thiel bought one for his former employee JD Vance with $15 million in independent campaign expenditures—a pittance for an oligarch whose net worth has increased by about $12 million per day since then. This year, a handful of cryptocurrency billionaires […]

A Look Inside the Case That Enshrined Political Power for Billionaires

After Watergate, Congress tried to curtail the role of money in politics. But a pivotal Supreme Court case nipped it in the bud. Years later, new details are emerging on how wealthy Americans were conferred with a “right to spend” on elections.

Inside ActBlue’s Big Spending and Internal Drama

Wall Street Journal: “The platform that is integral to the Democratic Party’s infrastructure is now enmeshed in controversy, in part fueled by the management of its CEO, Regina Wallace-Jones, whose spending and legal decisions have raised concerns among Democrats and employees, according to people familiar with ActBlue’s operations.” “Wallace-Jones, a former tech executive, has tried […]

ActBlue May Have Misled Congress on Foreign Donations

A law firm working for ActBlue last year warned the Democratic fundraising giant that its CEO “had given a potentially misleading response to congressional Republican investigators in a 2023 letter explaining how the organization vetted donations to ensure that they were not illegally coming from foreign citizens,” the New York Times reports. “The memos instigated […]

Ultrawealthy Plan $500 Million Fund to Influence Politics

“Silicon Valley billionaires have been seething over the threat of more taxes and regulations at home. Now, a proposed nine-figure fund aims to give wealthy Californians an unprecedented tool to reshape the state’s politics in their favor,” Bloomberg reports. “The fund is being pitched to some of the state’s richest residents as an endowment that […]

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