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Sentencing dates have been set for FTX's Nishad Singh and Gary Wang. Singh is scheduled to be sentenced on October 30, and Wang on November 20.

The two candidates in today’s primaries that received substantial backing from cryptocurrency PACs both won their primaries.

1. John Curtis defeated Trent Staggs in the Republican Utah Senate primary, with the help of $1.7 million in crypto industry funding.

2. George Latimer defeated Jamaal Bowman in the Democratic primary for NY H-16, with the help of $2 million in crypto industry funding.

Ads run by these PACs made no mention of crypto or technology. In the NY race, ads from Fairshake seemed to align very closely with AIPAC’s aggressive campaign against Bowman, echoing their messaging accusing him of antisemitism.

“Defend American Jobs” was the PAC splashing out in the Utah race. They’re the Republican-focused crypto super PAC; “Protect Progress” is the Democrat counterpart.

Though Fairshake (nominally nonpartisan, and by far the highest fundraiser of the crypto PACs) previously made identical donations to both, they’ve just made another $5 million donation to Defend American Jobs without a corresponding donation to Protect Progress.

Defend American Jobs has raised $14.7 million so far this cycle; Protect Progress has raised $10.3 million.

Here's a glimpse at the spending in each race.

Charts showing amounts raised by each candidate, and amounts spent by outside groups to support or oppose. John Curtis raised around $3.8M, $9.2M was spent to support him, and $3.5M of that support came from the crypto industry.
Brad R. Wilson raised $5M.
Trent Staggs raised $1.25M, $900k was spent to support him, and $1.9M was spent to oppose him, $1.5M of which came from the crypto industry.
Jason Walton raised $2.9M.
Charts showing amounts raised by each candidate, and amounts spent by outside groups to support or oppose.
Jamaal Bowman raised around $4.3M, $1.9M was spent to support him, and $12M was spent to oppose him, $2.1M of which came from the crypto industry.
George Latimer raised $5.8M. $5.6M was spent to support him, and $1.1M was spent to oppose.

Other outside spending for Curtis mostly came from a super PAC called Conservative Values for Utah, with Defend American Jobs pitching in $5M last minute.

And as I mentioned, Bowman’s other opposition primarily came from AIPAC's UDP.

Fighting bots is fighting humans

One advantage to working on freely-licensed projects for over a decade is that I was forced to grapple with this decision far before mass scraping for AI training.

In my personal view, option 1 is almost strictly better. Option 2 is never as simple as "only allow actual human beings access" because determining who's a human is hard. In practice, it means putting a barrier in front of the website that makes it harder for everyone to access it: gathering personal data, CAPTCHAs, paywalls, etc.

This is not to say a website owner shouldn't implement, say, DDoS protection (I do). It's simply to remind you that "only allow humans to access" is just not an achievable goal. Any attempt at limiting bot access will inevitably allow some bots through and prevent some humans from accessing the site, and it's about deciding where you want to set the cutoff. I fear that media outlets and other websites, in attempting to "protect" their material from AI scrapers, will go too far in the anti-human direction.

I guess there are only two options left:
  1. Accept the fact that some dickheads will do whatever they want because that’s just the world we live in
  2. Make everything private and only allow actual human beings access to our content

PSA: Paying for a subscription on the crypto version of OnlyFans using a public blockchain does not give you "true privacy", regardless of what the models there might say.

The allure of Only1 extended beyond a different option for sharing exclusive, gated content. Jaylene highlighted the platform's unique features compared to traditional platforms like OnlyFans.

"I like the fact that Only1 being on-chain allows the customer to have true privacy," she said. "From a creator's perspective, the biggest issues with traditional platforms such as OnlyFans are issues with payment processing. Only1 solves this issue as the payments go directly to your wallet, providing creators with peace of mind and full control over their earnings."
Here's the problem: establishing that AI training requires a copyright license will not stop AI from being used to erode the wages and working conditions of creative workers. The companies suing over AI training are also notorious exploiters of creative workers, union-busters and wage-stealers.
Telling creative workers that they can solve their declining wages with more copyright is a denial that creative workers are workers at all. It treats us as entrepreneurial small businesses, LLCs with MFAs negotiating B2B with other companies. That's how we lose.
On the other hand, if we address the problems of AI and labor as workers, and insist on labor rights – like the Writers Guild did when it struck last summer – then we ally ourselves with every other worker whose wages and working conditions are being attacked with AI.
Our path to better working conditions lies through organizing and striking, not through helping our bosses sue other giant multinational corporations for the right to bleed us out.
Here's the problem: establishing that AI training requires a copyright license will not stop AI from being used to erode the wages and working conditions of creative workers. The companies suing over AI training are also notorious exploiters of creative workers, union-busters and wage-stealers.

The cryptocurrency industry Super PAC Fairshake is now #1 out of all Super PACs by total funds raised.

They've raised more than $175 million to influence upcoming elections in the US, and have more than $100 million of it still waiting to deploy.

Despite the relatively small size of the cryptocurrency industry, cryptocurrency-focused super PACs are among the most well-funded this election cycle.

All super PACs
Name	Description	Receipts	Cash on hand
1	Fairshake	supports cryptocurrency interests	$177,877,738	$106,996,176
2	Never Back Down Inc.	supports Ron DeSantis	$145,482,418	$6,956,298
3	SMP	supports Senate Democrats	$122,904,784	$92,396,317
4	Make America Great Again Inc.	supports Donald Trump	$109,741,526	$34,459,354
5	Senate Leadership Fund	supports Senate Republicans	$63,887,538	$59,510,912
6	Democracy PAC	George Soros' super PAC, supports Democrats	$60,240,533	$38,980,191
7	United Democracy Project ('UDP')	AIPAC-backed super PAC, supports Israel	$53,274,582	$19,036,330
8	Club for Growth Action	supports small-government conservatives	$52,047,665	$10,024,220
9	LCV Victory Fund	supports environmental issues	$26,655,513	$19,078,389
10	Best of America PAC	supports Doug Burgum	$24,148,569	$183,181
11	Keystone Renewal PAC	supports Pennsylvania Republicans	$21,468,424	$17,965,490
12	Working for Working Americans - Federal	United Brotherhood of Carpenters and Joiners' super PAC	$20,083,557	$4,785,234
13	Restoration PAC	Dick Uihlen-backed super PAC, supports Republicans	$15,783,790	$3,578,225
14	Fight Right Inc	supports Ron DeSantis	$14,739,207	$335,572
15	Defend American Jobs	supports cryptocurrency interests	$14,675,000	$97,800
16	Republican Accountability PAC	supports anti-Trump Republican interests	$14,601,169	$11,994,224
17	Protect Freedom Political Action Committee	Jeff Yass-backed super PAC, supports Republicans and Libertarians	$14,419,489	$3,345,785
18	Tell It Like It Is PAC	supports Chris Christie	$13,864,801	$1,729,830
19	Right for America	supports Donald Trump	$13,050,317	$13,034,653
20	Forward Majority Action	supports Democratic state legislators	$12,782,598	$4,759,183
21	AFC Victory Fund	supports school privatization	$12,296,915	$7,126,033
22	Last Best Place PAC	opposes Tim Sheehy	$11,280,000	$14,496
23	Opportunity Matters Fund Action	supports Tim Scott	$11,182,494	
24	With Honor Fund II, Inc.	supports military veterans	$10,510,881	$4,583,337
25	Maryland's Future	supports Tim Hogan	$10,391,275	$10,341,102
26	Protect Progress	supports cryptocurrency interests	$10,325,250	$2,100,505
27	Standing Strong PAC	supports Adam Schiff	$10,154,552	$12,580
28	Campaign for Democracy Group	supports Gavin Newsom	$9,859,666	$6,014,641
29	Win It Back PAC	opposes Donald Trump	$9,633,851	$898,505
30	Everytown for Gun Safety Victory Fund (Everytown Victory Fund)	supports gun control	$9,510,465	$6,933,986

This month alone:

$25M from Andreessen Horowitz
$25M from Coinbase
$25M from Ripple
$10M from Jump Crypto

Committee: FAIRSHAKE
Contributor's Name	Contributor's Address	Employer/Occupation	Memo/Description	Memo	Text	Date	Amount ($)	Aggregate ($)	Limits
AH Capital Management	2865 Sand Hill Rd Suite 101
Menlo Park, California 940257022		See Attribution Below		
05/30/2024	25000000.00	25000000.00	
Marc Andreessen	2865 Sand Hill Rd Suite 101
Menlo Park, California 940257022	AH Capital Management / Partner		MEMO	
05/30/2024	12500000.00	12500000.00	LIMITS
Ben Horowitz	2865 Sand Hill Rd Suite 101
Menlo Park, California 940257022	AH Capital Management / Partner		MEMO	
05/30/2024	12500000.00	12500000.00	LIMITS
Bernay Box	201 McKinney Ave
Dallas, Texas 75201	Bonanza Capital, Ltd / Investor			
05/21/2024	1000.00	1000.00	
Coinbase	248 3rd St Suite 434
Oakland, California 946074375		24,999,995 USDC received, not liquidated		
05/30/2024	24999995.00	25000000.00	
Mike Dudas	237 Greens Farms Rd
Westport, Connecticut 068806224	6th Man Ventures / Venture Capitalist			
05/30/2024	2500.00	2500.00	
Jump Crypto	60

Total spending this election cycle:

Andreessen Horowitz: $48.9M
Coinbase: $52M
Ripple: $44.8M
Jump Crypto: $15M