Arkansas
Pro-crypto super PACs pouring tens of millions into 2024 elections • Arkansas Advocate
Former president Donald Trump’s selection of Sen. J.D. Vance (R-Ohio), as his running mate is expected to turbocharge the cryptocurrency industry’s spending in the 2024 election cycle.
Vance, who owns up to $250,000 in Bitcoin, is a recent champion of the digital asset industry. During his time in the Senate, Vance has drafted legislation that would rework how the Securities and Exchange Commission and Commodity Futures Trading Commission regulate the crypto community — much to the liking of crypto investors.
Crypto-backed super PACs are already pouring tens of millions of dollars into congressional races.
One pro-crypto super PAC launched in December 2023, Fairshake, has already spent $14.4 million to independently bolster the campaigns of crypto-friendly congressional candidates in the 2024 election cycle. The bulk of that spending has gone to attacking Democratic candidates in primaries but Fairshake has also spent to support candidates on both sides of the aisle.
Fairshake ended June with nearly $120 million cash on hand, an OpenSecrets analysis of new campaign finance reports filed July 20 found.
On its website, Fairshake pledges to “support candidates committed to securing the United States as the home to innovators building the next generation of the internet.”
“Providing blockchain innovators the ability to develop their networks under a clearer regulatory and legal framework is vital if the broader open blockchain economy is to grow to its full potential here in the United States.”
Since corporations themselves cannot donate directly to political candidates or party committees and individual donors are subject to strict contribution limits, cryptocurrency companies and their executives are taking advantage of making unlimited contributions to super PACs — which are allowed to raise unlimited sums of money to support and oppose candidates thanks to the Supreme Court’s 2010 decision in Citizens United v. FEC.
Fairshake has received over $46.5 million in donations from Coinbase, one of the largest cryptocurrency exchange platforms in the U.S. A blockchain-based digital payment network called Ripple has also deepened Fairshake’s pockets with contributions totalling $45 million.
Executives at a Silicon Valley venture capital firm called Andreessen Horowitz have given over $44 million to Fairshake since its inception. After Trump’s selection of Vance as his running mate, those executives — Marc Andreessen and Ben Horowitz — told employees that they plan to make large contributions to pro-Trump super PACs in the 2024 election cycle.
Trump — once a staunch critic of cryptocurrency — released his presidential platform saying, “Republicans will end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a Central Bank Digital Currency.”
In contrast, President Joe Biden’s administration has taken what some industry players have described as a “hardline” stance on cryptocurrency with the White House pushing for more regulation and appointing Gary Gensler, a former Goldman Sachs investment banker, to chair the SEC.
“We don’t need more digital currency,” Gensler stated in 2023. “We already have digital currency, it’s called the U.S. dollar.”
In the hours following Biden’s announcement ending his campaign, the price of Bitcoin briefly topped
$68,000, the highest increase for the cryptocurrency since June. The crypto community is increasingly curious to see whether Vice President Kamala Harris, who took over Biden’s campaign after his withdrawal from the race, will prolong Biden’s tight clamp on companies like Coinbase and Ripple or forge a new stance altogether.
Fairshake is affiliated with two super PACs. Defend American Jobs has spent $17.1 million to support pro-crypto Republican candidates in the 2024 elections while Protect Progress has spent $13.5 million supporting Democrats in the 2024 cycle. Together, the three pro-crypto super PACs have over $127.2 million on hand.
Like Fairshake, both of its affiliated super PACs are supported by Andreessen Horowitz, Coinbase, Ripple, and Multicoin Capital.
Since its inception, over $12 million of Fairshake’s spending has gone to oppose two Democratic candidates, Rep. Katie Porter (D-Calif.) and Rep. Jamaal Bowman (D-N.Y.) — both of whom lost their primaries. Fairshake launched attack ads on Porter, who has a history of allying with anti-crypto figures, like Sen. Elizabeth Warren (D-Mass.). Porter’s campaign called the claims in Fairshake’s attack ads “false.”
“We are making sure the 8 million crypto owners in California – who are disproportionately young voters who support Democrats – know about her hostility toward the technology and how that would hurt American jobs,” said Josh Vlasto, a spokesman for Fairshake, told CoinDesk, a cryptocurrency-focused news site.
Fairshake has supported pro-crypto congressional candidates across the political spectrum and has not yet commented on whether it will be supporting any presidential candidates.
As of July 24, the super PAC has spent over $702,000 to support Democrats including Rep. Steven Horsford (D-Nev.) and Rep. Wiley Nickel (D-N.C.). On the other side of the aisle, Fairshake has spent $551,600 to support Republicans including Rep. Young Kim (R-Calif.) and House Majority Whip Tom Emmer (R-Minn.).
Emmer and Nickel are cosponsors on multiple pieces of crypto-centered legislation that have circulated in the 117th and 118th Congress, including the Financial Innovation and Technology for the 21st Century Act, and the Digital Commodity Exchange Act — both of which seek to establish a regulatory framework for digital assets.
In a statement about the Financial Innovation and Technology for the 21st Century Act, Gensler wrote, “The crypto industry’s record of failures, frauds, and bankruptcies is not because we don’t have rules or because the rules are unclear. It’s because many players in the crypto industry don’t play by the rules.” He continued, “We should make the policy choice to protect the investing public over facilitating business models of noncompliant firms.”
On July 27, Trump made an appearance at a Bitcoin conference in Nashville, Tenn., where digital asset leaders gathered to discuss the future of cryptocurrency. Attendees had the option of paying $844,600 for an exclusive event after Trump’s keynote — the ticket price being the maximum amount an individual can legally contribute to Trump’s campaign in 2024.
At the event, Trumplaid out his “plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world.”
Arkansas
Central Arkansas council hands out 300 free produce bags at Saline County fresh market
BENTON, Ark. (KATV) — Saline County residents got a fresh boost earlier today when the Central Arkansas Development Council hosted its third Fresh Market event in the county, handing out about 300 bags of fresh produce free of charge.
The council, described as the largest community action agency in Arkansas, said the event is part of its ongoing effort to address food insecurity in the state and expand access to healthy food options.
“What we’re here to do is we’re here to be what our community needs us to be,” Randy Morris, CEO of Central Arkansas Development Council, said. “We are here to serve our mission, which is to alleviate the causes and conditions of poverty, to help vulnerable populations achieve their potential and to build strong communities in Arkansas through community action.”
The council also said it was rewarded funds by the government to host an emergency food drive that will happen soon.
Arkansas
No. 6 Arkansas ends top-ranked OU’s 31-game home winning streak with 3-2 decision
FAYETTEVILL – In a thrilling contest that featured 5.1 impressive innings in the circle from sophomore Payton Burnham and a go-ahead two-run home run from Tianna Bell, the No. 6/8 Arkansas Razorbacks defeated No. 1 Oklahoma, 3-2, on Saturday night at Love’s Field to even the series and set up a winner-take-all series finale on Sunday.
Win the win, Arkansas recorded its third victory in program history over a consensus No. 1-ranked opponent, having previously defeated UCLA (Feb. 18, 2011) and Cal (May 19, 2012).
It also marked the Razorbacks’ third win in program history over a No. 1 opponent in the ESPN/USA Softball Poll and the fifth over a top-ranked team in the NFCA Coaches Poll.
Arkansas (36-7, 11-6 SEC) took a 1-0 lead in the top of the second inning courtesy of an RBI double down the right-field line from Kennedy Miller. The Sooners then tied the game, 1-1, in the bottom of the fifth inning, with a solo home run from Sydney Emerling.
Tianna Bell put the Hogs ahead for good by blasting a two-run homer into the left-center field bleachers in the top of the fifth inning. Oklahoma’s Kendall Wells accounted for the final run of the contest with a solo shot to left field, bringing the score to 3-2.
The Razorbacks’ pitching staff did not allow a walk in the win. Payton Burnham was phenomenal in the circle during her 10th victory of the season, striking out three while allowing two runs on four hits in 5.1 innings of work.
Robyn Herron earned her fourth save of the season by retiring the final five Oklahoma batters in the contest.
In addition to Bell’s two-run blast and Miller’s RBI double, Reagan Johnson and Kailey Wyckoff singled in the victory.
Sydney Berzon fell to 5-2 on the season for Oklahoma (41-6, 14-3 SEC) after allowing two runs on two hits with one strikeout in her 4.2 innings pitched.
QUOTABLES
Arkansas Head Coach Courtney Deifel
On the victory…
“Any win right now is a big one for the program. It was really great in this environment just to see our team stay the course and trust themselves. It is a hostile environment that is very loud. They have a lot of energy. For our team to just lean into each other and find a way to get the win was big. Any win is really big, so it just feels really awesome.”
On Payton Burnham’s performance…
“She was in her element. She loves the big moment. She wants the ball, and she was locked in today. She was dialed, and I am really proud of her.”
HOW IT HAPPENED
Payton Burnham earned her 12th start of the season in the circle for Arkansas, while Oklahoma gave the ball to Miali Guachino.
In the top of the first inning, Guachino retired the Hogs in order courtesy of a pair of groundouts and a lineout. Burnham spun a 1-2-3 bottom of the first courtesy of a groundout, strikeout, and a groundout.
Kailey Wyckoff recorded the first hit of the contest with a two-out single up the middle in the top of the second inning. She would later come around to score a batter later on an RBI double down the right-field line from Kennedy Miller, giving the Hogs a 1-0 lead.
Cam Harrison followed Miller’s double with a walk, but OU would escape without further damage courtesy of OU right fielder Ella Parker taking an extra-base hit away from Karlie Davison with a catch at the wall in right field.
Burnham spun another scoreless frame in the home half of the second inning, highlighted by a 6-4 double play from shortstop Atalyia Rijo, who snagged a line drive and threw to Davison at second base to double off the Sooners’ Gabbie Garcia, who reached on a leadoff single.
Brinli Bain drew a one-out walk in the top of the third inning, prompting Oklahoma to make a pitching change and bring in LSU transfer Sydney Berzon.
Wyckoff made an incredible catch with a leaping grab at the wall in left field for the first out of the bottom of the third. She would then catch a pair of fly balls as Burnham completed a 1-2-3 frame.
Berzon retired the Hogs in order during the top of the fourth inning. Burnham recorded a 1-2-3 bottom of the fourth inning while picking up her second and third strikeouts of the night.
Reagan Johnson reached courtesy of a two-out infield single in the top of the fifth inning. Oklahoma first baseman Isabella Imerling tied the game with a leadoff solo home run to left-center field in the bottom of the fifth inning.
Following the home run, Reagan Johnson made a diving catch in right-center field to take away an extra-base hit from Pickering.
Ella McDowell was hit by a pitch to lead off the top of the sixth inning. Tianna Bell then gave Arkansas a 3-1 lead with a two-run shot into the left-center field bleachers, her 14th of the season, tying Dakota Kennedy for the team-lead.
Oklahoma made it a one-run ballgame with a one-out solo home run off the bat of freshman Kendall Wells. Following the home run, Robyn Herron entered the circle and would retire the next two batters faced by way of a strikeout and a lineout.
Berzon retired the Hogs in order in the top of the seventh inning. Herron trotted out to the circle looking to complete the save in the bottom of the seventh.
Herron fanned Imerling for the first out of the frame before issuing a lineout to Johnson in center field for the second out.
She then got Aliana Agbayani to ground out to Karlie Davison at second for the final out of the win as Arkansas evened the series and improved to 36-7 overall and 11-6 in SEC play.
NOTABLES
- Reagan Johnson registered her 205th start batting leadoff, which tied the career program record set by Devon Wallace, 205 (2012-2015).
- Payton Burnham improved to 10-3 this season after striking out three and allowing just two runs on four hits and no walks in 5.1 innings. Arkansas is now 22-6 when a starting pitcher goes 5+ innings without allowing a walk.
- Tianna Bell blasted her 46th career home run and 14th home run this season with a two-run shot in the top of the sixth inning. Bell is now tied for the team lead in home runs alongside Dakota Kennedy.
- Kyler Del Duca recorded her first collegiate start, batting eighth and playing left field.
- Arkansas had five different outfielders in the victory (Reagan Johnson CF, Kailey Wyckoff RF/LF, Ramsey Walker LF/RF, Kyler Del Duca LF, Brinli Bain RF)
- Kennedy Miller increased her career-high reached base streak to 11 games.
- Arkansas is 148-41 since 2001, when its pitching staff issues no walks in a game. The Razorbacks are 94-18 when issuing no walks under head coach Courtney Deifel (2016-present). Arkansas has won 21 of its last 22 when issuing zero walks dating back to April 6, 2023.
- Arkansas snapped Oklahoma’s 31-game home winning streak, which was the longest active winning streak in the nation entering the contest.
Arkansas
Central Arkansas nonprofit leader Aaron Reddin steps down amid health challenges
LITTLE ROCK, Ark. (KATV) — A big change is rolling in for one of central Arkansas’ most recognizable nonprofits serving the unhoused community.
Aaron Reddin is stepping down as executive director of The Van, effective immediately. The organization has been a critical presence in the region, providing food, water, clothing, hygiene supplies and emergency shelter for people in need, particularly in North Little Rock.
Reddin said he’s leaving day-to-day leadership because of ongoing personal health challenges. “I was diagnosed with CRPS in 22,” Reddin said, referring to complex regional pain syndrome, a condition that can cause severe, persistent pain. He said that “in early 24 I was in a accident that caused the spread of the disease into my upper body,” and that it has “greatly impacted my ability to be present.”
“I’m in weekly treatments and medications and things like that, that caused my absence,” Reddin said. “And you know, even though I may be slowed down, the organization is not and so that’s an unsustainable imbalance, and at some point it has to be acknowledged.”
While he’s stepping away from daily leadership, Reddin will remain involved with The Van as a board member.
Parker Reid has been selected to take over as executive director. Reid said he’s ready to get started and build on what’s already in place.
“I am most excited, I think, just to really hit the ground running,” Reid said. He said he and Reddin have talked about the organization’s infrastructure and what they want it to look like going forward, with a focus on “really just refining what we what we have going on already, and really expanding our volunteer involvement.”
Reddin reflected on how much the organization has grown during his time leading it. “We’ve grown,” he said. “You know, I’ve always thought that we’ve hit a plateau, and then there’s, it just keeps going.”
He also emphasized how The Van is funded. “We’re 99.9% private donor funded. We don’t touch your tax dollars,” Reddin said. “So this is all people helping people from from the bank account to the streets. It’s people powered.”
Asked about a proud moment, Reddin pointed to a recent opportunity to share The Van’s work with a much bigger audience. “I got the chance this past winter to talk about our work here in Little Rock on CNN International live,” he said, adding that the network gave him “like, 13 total minutes, two different days.”
Reddin said he valued being able to spotlight Little Rock as a community that looks out for its neighbors. He said he was able to show people that “we care about each other, we care about our neighbors, regardless of you know what those unconventional sleeping circumstances may look like at the time.”
The Van has also raised money to find and build a shelter for the unhoused, and Reddin said the organization’s emergency shelter work started even before the first van was in service. He said having a more permanent setup will be a major step forward, rather than moving supplies in and out during each weather event.
As Reid steps into the role, he said he’s mindful of what the organization means to Reddin and to the community. He hopes to “take care of of his baby,” he said, because “it means a lot to him, and it means a lot to me to have watched him, you know, grow it for as long as I’ve gotten to watch.”
-
Sports9 minutes agoRyan Ward has a solid debut, but bullpen blows it again as Dodgers lose to Rockies
-
World21 minutes agoSchools, shops shut in northern Israel to protest the Lebanon ceasefire
-
News51 minutes agoCommunities launch cleanup after severe weather and tornadoes churn across Midwest
-
Detroit, MI3 hours agoGame 21: Tigers at Red Sox, Garrett Crochet battles both Detroit and the weather
-
San Francisco, CA3 hours agoWhy do gray whales keep dying in San Francisco’s waters?
-
Dallas, TX3 hours agoDallas Mavericks Owners Might Be Making Big Mistake in Search for New GM
-
Miami, FL3 hours agoDefense dominates, Mensah flashes in Miami’s spring game – The Miami Hurricane
-
Boston, MA3 hours ago
A crowd scientist is helping the Boston Marathon manage a growing field of 30,000-plus runners