Tag

Super Pacs

All articles tagged with #super pacs

politics28 days ago•6 min saved

AI-money turns a NYC primary into a national test of governance

AI-focused Super PACs have raised over $100 million this cycle, with about half spent and NY-12 drawing roughly half of that in what many observers call an ‘AI civil war.’ Leading the Future backs Alex Bores, who supports federal AI regulation, while counter‑PACs push stronger safeguards, funded by figures like Chris Larsen and others; Anthropic, among others, has contributed, and Public First funds several AI‑friendly candidates as part of a broader push to shape policy. Overall, the race underscores a nationwide battle over whether AI should be regulated at the federal level and how much influence tech money should wield in U.S. politics, with NY-12 serving as a focal point and a predictor for future policy directions.

via The Guardian|

#ai #campaign-finance #ny-12

politics1 month ago•8 min saved

Pop-up super PACs flood primaries with undisclosed donors

Outside groups are increasingly using ‘pop-up’ super PACs that can raise and spend unlimited money in the final days of primaries without disclosing donors until after the election, flooding races with roughly $48 million so far this cycle; the tactic exploits FEC timing, raises concerns about transparency, and has seen groups tied to Republicans and to AIPAC influence races; lawmakers are proposing tighter disclosures, including a bill to require reporting large donations in the last 20 days of an election.

via Politico|

#campaign-finance #dark-money #donor-disclosure

politics1 month ago•4 min saved

Graham Faces Runoff Risk as Allies Pour Millions into SC GOP Primary

Supporters of Sen. Lindsey Graham have poured significant money into his South Carolina GOP primary to blunt a challenge from Mark Lynch, with polls suggesting he could miss the 50% threshold and trigger a June 23 runoff. Palmetto Action has spent about $3.2 million against Lynch, while Graham’s campaign and allied groups have spent over $18 million on ads. Lynch is largely self-funded, lending himself $5 million and raising about $606,000, with Lynch’s campaign spending around $4.6 million. The primary winner is expected to face Democrat Annie Andrews in November.

via The New York Times|

#lindsey-graham #politics #primary-election

local-politics2 months ago•6 min saved

Cuomo Allies Flood District 3 Race With Six-Figure Push Against Boylan

Outside spending in Manhattan’s District 3 City Council race surged as Cuomo-allied super PACs routed six-figure sums through a pass-through to back Carl Wilson against Lindsey Boylan, with Westside Progress spending about $144,500 and Next NYC contributing $175,000, often obscuring donor identities; the involvement of a Board of Elections member as a PAC treasurer drew ethics concerns, highlighting a broader battle between establishment and progressive forces, while Cuomo denies Boylan’s sexual-harassment allegations.

via New York Focus|

#campaign-finance #cuomo #lindsey-boylan

politics3 months ago•9 min saved

AI, Crypto, and Bets: The Fresh Power Players Fueling the 2026 Midterms

A new wave of outside money from AI firms, cryptocurrency groups, and sports-betting companies is flooding the 2026 midterms, with groups like Leading the Future ($75M+), Fairshake (~$171M), and Win for America raising large sums to influence primaries and general elections, while established super PACs and MAGA Inc. also command huge war chests—marking an unprecedented shift in campaign financing.

via Politico|

#ai #campaign-finance #cryptocurrency

politics3 months ago•6 min saved

Democrats Build Cash Edge in Key Senate Battlegrounds

In the first quarter of 2026, Democratic Senate candidates generally out-raised their Republican opponents in battleground races, often doubling or tripling the money raised in states like Texas, Georgia, North Carolina, Ohio and Alaska, while primaries in Maine, Michigan and Iowa narrowed the edge. Major party-aligned super PACs also posted enormous hauls, signaling a record cash race shaping the midterms.

via Politico|

#campaign-finance #democrats #politics

politics4 months ago•4 min saved

Feud with megadonor helps topple Rep. Crenshaw in Texas primary

A Texas billionaire donor, Robert Marling, funded about two-thirds of a pro-Toth super PAC’s anti-Crenshaw campaign with roughly $675,000, helping Steve Toth defeat Rep. Dan Crenshaw 55% to 40% in the Republican primary. The feud between Crenshaw and Marling—centered on district dynamics and ideological differences—was amplified by mailers and TV ads paid for by Marling, with Trump not endorsing Crenshaw and Cruz involved on the opposing side. The loss illustrates how a single affluent donor can seize a GOP primary in a single district.

via Axios|

#crenshaw #politics #robert-marling

politics5 months ago•5 min saved

Crypto and AI cash flood the 2026 midterms as Trump-aligned PACs lead fundraising

Campaign-finance reports show crypto groups like Fairshake amassing tens of millions (backed by Coinbase and venture capitalists) and an AI group, Leading the Future, with substantial funds; Trump-aligned MAGA Inc. remains a dominant fundraising force, while donors from Silicon Valley and OpenAI ties indicate broad industry influence shaping primary contests and policy for the 2026 elections.

via NBC News|

#ai #campaign-finance #crypto

politics1 year ago•3 min saved

Elon Musk Emerges as Top Political Donor with $277M GOP Support

Elon Musk spent at least $277 million supporting Donald Trump and the GOP during the 2024 election cycle, making him the largest donor. Most of his contributions went to America PAC, which focused on canvassing and digital ads, and included controversial voter giveaways. Musk also funded a PAC comparing Trump's abortion stance to Ruth Bader Ginsburg's, drawing criticism from Ginsburg's family. Additional donations were made to other GOP groups and super PACs, with some funds potentially going to undisclosed "dark money" groups.

via Business Insider|

#elon-musk #gop #political-donations

politics1 year ago•3 min saved

Elon Musk Emerges as Major Pro-Trump Political Donor with $250M Contribution

Elon Musk has contributed at least $260 million to support Donald Trump's presidential campaign, making him one of the largest individual donors. New Federal Election Commission filings reveal Musk's significant financial backing of America PAC and other pro-Trump groups, including a $20.5 million donation to RBG PAC, which controversially linked Trump's abortion stance to Ruth Bader Ginsburg. Musk's involvement highlights his growing influence in Trump's political sphere, with Trump appointing him to oversee a new government efficiency department. Other wealthy donors, like Howard Lutnick and Linda McMahon, have also secured roles in Trump's administration.

via CNN|

#2024-election #donald-trump #elon-musk

politics1 year ago•4 min saved

Crypto's Election Triumph: A New Political Powerhouse Emerges

The cryptocurrency industry has gained significant political influence following the 2024 elections, with a super PAC spending over $130 million to support pro-crypto candidates, including defeating Senate Banking Chair Sherrod Brown. The return of Donald Trump as President-elect and a potential GOP Congress is expected to create a favorable environment for crypto, with plans to limit the SEC's reach and possibly establish a strategic bitcoin reserve. However, there are concerns about the depth of support in the Senate and the ongoing SEC enforcement actions.

via POLITICO|

#cryptocurrency #donald-trump #elections

politics2 years ago•2 min saved

"Timothy Mellon Propels Trump to Fundraising Victory Over Biden"

Businessman Timothy Mellon donated $50 million to MAGA Inc., significantly boosting the super PAC supporting Donald Trump. This contribution is part of a larger trend of massive donations from megadonors on both sides of the political spectrum, making this election cycle potentially the most expensive ever. Other notable donations include Michael Bloomberg's $19 million to Biden's top super PAC and significant contributions from venture capitalists and other wealthy individuals.

via NBC News|

#biden #election-funding #megadonors

politics2 years ago•1 min saved

"DeSantis's Costly Failed Presidential Bid: A $168 Million Flop"

The failed effort to secure Florida Gov. Ron DeSantis as the Republican nominee for the White House cost a total of $168 million, with his own campaign spending $28.3 million and pro-DeSantis super PACs reporting payments of over $140 million. DeSantis, who relied heavily on outside support, ended his campaign after losing to Donald Trump in the Iowa caucuses and faced challenges including financial pressures, staffing shakeups, and allegations of coordination between his campaign and the super PACs.

via The Associated Press|

#campaign-spending #failed-presidential-campaign #federal-election-commission

politics2 years ago•6 min saved

"Nikki Haley's Struggles: Fundraising Woes and DeSantis's Expensive Run"

Governor Ron DeSantis's failed presidential bid cost over $160 million, with his campaign and allied super PACs spending heavily on advertising, private airfare, and donations to elected officials. Despite the massive spending, the campaign produced negligible results, leading to DeSantis dropping out before the New Hampshire primary and endorsing Donald Trump. Other Republican candidates, including Senator Tim Scott and entrepreneur Vivek Ramaswamy, also spent vast sums before dropping out, highlighting the scale of the financial investment and subsequent collapse in the 2024 Republican primary race.

via The New York Times|

#campaign-finance #politics #presidential-campaign

politics2 years ago•1 min saved

Crypto PACs Amass $78 Million for 2024 Political Influence

Three super PACs funded by leaders in the cryptocurrency industry are starting 2024 with a combined $78 million as they aim to influence the upcoming election cycle. Despite recent challenges, the cryptocurrency industry is determined to support pro-crypto candidates running for seats in the House and Senate. The super PACs, known as Fairshake, Protect Progress, and Defend American Jobs, have raised significant funds from influential players in the crypto space, including Andreessen Horowitz, Coinbase, and Ripple. While their specific endorsements for next year are unknown, the Fairshake super PAC has already spent over $1 million on television advertisements supporting lawmakers with a history of supporting the crypto industry, including House Financial Services Chairman Patrick McHenry.

via CNBC|

#campaign-funding #cryptocurrency-industry #election-influence