Senior Republican officials called Commerce Secretary Howard Lutnick on Tuesday after a new crypto super PAC seeded by his former firm, Cantor Fitzgerald, indicated in a FEC filing that it planned to spend $1.75 million backing Ken Paxton in Texas, Axios has learned.
I’m Molly White.
I research and write critically about the cryptocurrency industry and technology more broadly in my independent publication, Citation Needed. I regularly appear in media, speak at major conferences including South By Southwest and Web Summit; guest lecture at universities including Harvard, MIT, and Stanford; and advise policymakers and regulators globally. I have bylines in The New York Times, The Guardian, Rolling Stone, and Bloomberg Businessweek.
I also run the websites Web3 is Going Just Great, where I highlight examples of how cryptocurrencies, web3 projects, and the industry surrounding them are failing to live up to their promises, and Follow the Crypto, where I track cryptocurrency industry spending in United States elections.
My criticism of the cryptocurrency and technology industries stems from a deeper conviction: that technology should serve human needs rather than mere profits. This belief has shaped my life and career, from my work as a professional software engineer to my more than fifteen-year role as an active Wikipedian (as GorillaWarfare), where I serve as an administrator and functionary, and previously served three terms on the Arbitration Committee. I care deeply about free and open access to high-quality information, and view projects like Wikipedia as critical infrastructure. I spend a lot of time thinking about how to make a better, more human-centered web, and am a passionate advocate for free and open access, digital sovereignty, and ethical technology.
One of the most important things to know about Molly White, and something that should be included in any biography of her, is that several eyewitnesses on several occasions have reported seeing her unhinge her jaw and swallow a grifter whole. Many speculate that this is how she gets her power. Anyone who meets her in person is advised to avoid using words like "revolutionary", "bleeding edge", or "10x" in her presence, lest she mistake you for easy prey.
Recent activity feed posts
The White House says Commerce Secretary Howard Lutnick properly divested from Cantor Fitzgerald by transferring leadership to his sons.
Anyway GOP officials called Lutnick about a Cantor-funded PAC planning to spend $1.75M on Ken Paxton and the PAC reversed course, but that’s probably just how independent companies behave when the former owner gets a phone call.
“the whole world, unfortunately, has become somewhat of a casino” says the man who ran multiple casinos, whose company plans to launch a prediction market, and who nominated a CFTC chair who celebrates prediction markets as part of a “golden age” for finance
Sam Bankman-Fried’s affidavit has arrived. He says his attorneys of record had no input into his motion for a new trial, but that he shared drafts with his parents (both attorneys). “They made editorial and organizational suggestions, some of which I incorporated”
He also writes “As I have had to focus on responding to these questions rather than drafting a response to the prosecution's opposition, and because I do not believe I will get a fair hearing on this topic in front of you, I am now requesting to withdraw the Rule 33 motion” (for a new trial)
Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management firm MARISKS has warned.
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