Unbiased AI-powered news
A crypto super PAC that previously backed only Republicans spent $300,000 to support a Democratic candidate in a New York congressional primary. The spending occurred through an advertising firm co-founded by a former Republican congressional candidate.
thenation.comThe money was directed through an advertising firm co-founded by a former Republican congressional candidate. The candidate faces no serious opposition in the June 23 primary. A public poll showed the candidate far ahead of the leading opponent.
The super PAC's largest funder is an investment bank whose sons lead the firm. The same super PAC previously endorsed only Republican candidates. Its chair is the vice president of regulatory affairs for a stablecoin company. The media buy was made through the advertising firm.
The super PAC received $10 million from the investment bank, which serves as custodian for billions of dollars in U.S. Treasury bills.
A second super PAC affiliated with a larger crypto organization spent nearly $1.4 million on advertising for the same candidate. The two super PACs are aligned with different factions of the crypto industry. The second super PAC has been funded by a crypto exchange and a venture capital firm.
The candidate serves on the House Committee on Financial Services and co-founded the Congressional Crypto Caucus.
nbcnews.comVice President JD Vance said Monday that Iran agreed to resume U.N. nuclear watchdog operations. Iran's foreign ministry denied any new commitments from the 18-hour Switzerland meeting.
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
insurancejournal.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.