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ActBlue, a key fundraising platform for Democrats, is under intensified scrutiny from Republican lawmakers, including calls for investigations into its financial practices and potential violations of campaign finance laws. Critics, including Elon Musk, have raised unsubstantiated claims linking ActBlue to protests and misconduct, while the platform defends its integrity against what it describes as coordinated attacks aimed at undermining small-dollar donations. Amidst this political pressure, some Democrats express concern that the GOP's actions could threaten the platform's future and its role in supporting progressive campaigns.
A Democratic-aligned group is launching a multi-million dollar ad campaign targeting 23 House Republicans, accusing them of jeopardizing healthcare for millions to benefit billionaires like Elon Musk. This follows GOP efforts to cut $1.5 trillion in government spending, including potential reductions to Medicaid, despite Trump’s assurances not to touch the program. The campaign aims to hold these lawmakers accountable ahead of the 2026 midterm elections.
Cynthia Lummis is set to lead a new Senate subcommittee on digital assets, an initiative supported by Senate Banking Committee Chairman Tim Scott, who advocates for increased focus on the crypto industry. Meanwhile, Bryan Steil will chair the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, emphasizing the need for regulation to prevent opportunities from moving overseas. Lummis has introduced the BITCOIN Act, proposing a national Bitcoin reserve to enhance the U.S. dollar's global standing, aiming for the government to acquire 1 million BTC without taxpayer funding.
Republican Senator Cynthia Lummis of Wyoming has been appointed to chair the newly formed crypto subcommittee of the US Senate Banking Committee, with a vote expected soon. Lummis, a proponent of cryptocurrency, recently introduced the Bitcoin Act of 2024, advocating for a Bitcoin strategic reserve for the US. Other Republican members include Senators Bernie Moreno, Dave McCormick, Thom Tillis, and Bill Hagerty, while the participation of Democratic Senators remains uncertain, particularly with Elizabeth Warren's known opposition to crypto.
Wisconsin Representative Bryan Steil has been appointed chair of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, succeeding Arkansas Representative French Hill. Hill will now lead the full House Financial Services Committee, focusing on establishing a regulatory framework for digital assets in 2025. Steil, who has been in Congress since 2019 and reported no crypto investments, received significant support from the crypto-backed PAC Fairshake during his reelection campaign.
Bryan Steil has been appointed chair of the House Financial Services Committee’s Subcommittee on Digital Assets, overseeing regulations for digital assets and emerging technologies. He advocates for legislation that balances innovation with investor protection, supporting initiatives like FIT-21 and SAB 121 to create clear regulatory frameworks and unify digital asset policies. Steil has criticized the SEC's current regulatory approach, arguing it hinders innovation and job growth in the U.S.
Bryan Steil
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republicans intensify scrutiny of actblue amid fundraising platform controversies
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democrats launch ad campaign targeting republicans over healthcare cuts and elon musk
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