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.
Thoughts
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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)
as someone with an anxiety disorder who gets bad brain fog during very anxious periods, choosing software engineering and then writing as careers was certainly a series of decisions
The new Fellowship crypto PAC has filed its first fundraising disclosure. It reports a $10 million contribution from Cantor Fitzgerald (previously headed by Commerce Secretary Howard Lutnick, now controlled by his sons) and $1 million from Anchorage Digital.
The Fellowship PAC launched in September with an announcement that they had $100 million committed. They've recently revealed that the PAC is headed by Tether's head of government affairs Jesse Spiro, and endorsed a slate of Republicans.
Fellowship PAC has made three independent expenditures so far, totalling $1.5M:
- $300k to Clay Fuller, who just won the Republican runoff in GA-14
- $850k to Nate Morris, challenging Andy Barr in the Kentucky Senate Republican primary
- $350k to Pete Ricketts, incumbent Nebraska Senator running for re-election








