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Crypto Super PAC Fairshake takes top spot in funds raised

Fairshake PAC has raised more funds than any other Super PAC for the 2024 cycle, according to Federal Election Commission data compiled by OpenSecrets. The Fairshake PAC has raised nearly $203 million, edging out the Make America Great Again Inc. Super-PAC, which has raised approximately $201 million. The Super PAC has so far spent approximately $14.5 million, with the vast majority — around $10 million — spent against Katie Porter when she was running for Senate. This group has received broad support from the crypto ind US try, led by Coinbase, which has committed over $45 million to the organization, with an additional $1 million from Brian Armstrong , the chief exec and founder of Coinbase. Ripple has also committed $45 million, and $44 million has come from Ben Horowitz and Marc Andreessen, named partners for Andreessen Horowitz. While these firms have led the fundraising for this firm, they have been joined by many others, including Jump, Kraken, Circle, Parad...

Ethereum censorship concerns raised amid rising OFAC compliance

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More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s resea...