Republican leaders demand Lutnick halt crypto PAC's political spending in Texas
Odaily reported that senior Republican officials recently called US Commerce Secretary Howard Lutnick, requesting his intervention regarding the Fellowship PAC, a crypto political action committee supported by his former company Cantor Fitzgerald, and its related spending plans in Texas.
This PAC previously disclosed in FEC filings its plan to spend $1.75 million in support of Ken Paxton, causing concerns within the party about interference in a sensitive primary. According to sources, the PAC ultimately did not run the related ads, and Republicans later stated that these concerns had been alleviated. Fellowship PAC is associated with Tether and previously announced plans to raise $100 million for the 2026 election, having already raised about $11 million. (Axios)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Edges Higher as Treasury Yields, Dollar Ease -- Market Talk
Morgan Stanley is tactically bullish on BHP (BHP.US): Two major copper mine catalysts may ignite the stock price in the next two months
Morgan Stanley maintains an "Overweight" rating on BHP Group, with an "attractive" industry outlook, and sets a target price of AUD 69.00 for its shares listed in Australia.
Bank of England hawkish official: Growth exceeds expectations and employment is resilient, which precisely proves that further rate hikes are necessary.
Megan Greene, a policymaker at the Bank of England, stated that the UK's economic growth surpassing expectations and the resilience of the job market indicate that the Bank of England's efforts to curb inflation are still insufficient.
Crypto prices
More
