Mother Jones
US · 2 hrs ago
✦ 75← Left
How Crypto Billionaires Are Trying to Buy a Senate Seat in Alabama
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Credibility 75/100
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Cryptocurrency billionaires are attempting to influence a US Senate race in Alabama through significant campaign spending, following a pattern established by Peter Thiel's support for JD Vance in 2022.
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 […]
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