The March primary is a harbinger of tech’s political power, showcasing how cryptocurrency and other interests can sway election results, undermining populist candidates.
Katie Porter emerged as an economic populist ally of Elizabeth Warren, but her campaign was crippled by a $10 million investment from the pro-crypto PAC Fairshake.
Silicon Valley's eagerness to assert its political might is evident, with Fairshake's ability to raise significant funds specifically targeting candidates who oppose their interests.
The New Yorker’s investigation reveals that the intense financial backing from the cryptocurrency industry illustrates the looming threat to traditional political norms in California.
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