CA-GOV: Knives come out for Katie Porter over recent videos

[SunImp]

9. Crypto bros hate her enough to spend 10 mil against her last time

A Super Pac backed by the crypto industry has spent $10m on ads opposing Katie Porter’s run for US Senate in California, as the young progressive congresswoman fights a tough battle to make it into a November Senate runoff with the Democratic frontrunner Adam Schiff.

The Fairshake Pac announced early this year that it had raised $85m from leaders across the crypto community for the Pac and its affiliates, with the goal of supporting “leaders who champion the interests of progressive innovation and responsible regulation”.

One of the Pac’s most prominent investments so far is in the race for Senate in California, which is home to Silicon Valley. As a congresswoman representing southern California, Porter has become famous for grilling powerful CEOs, and has raised questions about the energy required to create cryptocurrency and whether this energy use is contributing to the climate crisis. Porter joined Elizabeth Warren in 2022 to launch an investigation into whether cryptocurrency mining in Texas was having an impact on the state’s electrical grid and on electricity prices for ordinary consumers.

https://www.theguardian.com/us-news/2024/mar/01/crypto-super-pac-katie-porter-attack-ads