S/V Sundance: re: crypto spending this cycle

Tuesday, August 27, 2024

re: crypto spending this cycle

Faith, our primary in Massachusetts is just one week away from today. Voters will head to the polls and exercise their right to make their voices heard — it's an exciting time.

While the September 3 primary date is circled on our calendars, there's another critical period of time that I'm keeping my eye on: the days immediately following our primary.

You see, after our primary, my Republican opponent will be officially nominated, and the floodgates of Super PAC funding and outside spending in this race can open.

The front-running Republican nominee is a crypto lawyer recruited from Rhode Island to run against me. He's got a Super PAC behind him that has raised millions of dollars from crypto interests to unseat me.

This is a trend that continues repeating itself in elections across the country. Powerful special interests keep using their giant piles of money to influence elections: buying onslaughts of advertising against candidates who threaten their bottom line, getting their hand-picked candidates elected, and reaping the rewards of their investments when the winners tilt the rules in their favor.

The special interest of the month in Massachusetts is cryptocurrency. And according to Axios, crypto companies have poured massive amounts of money into the 2024 federal election cycle — accounting for about half of all donations from corporations.

A graphic illustrating the surge in crypto sector donations to federal elections

This is what we're up against, Faith. There's no saying for certain what will happen after our primary, but we do certainly need to be prepared.

So, with one week until we enter the general election, will you please pitch in $28 or anything you can to support our re-election campaign in Massachusetts, fight back against special interests buying our elections, and defend our Senate majority?

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September, October, and November are the months when the most spending and voter contact takes place in an election. That's a big reason why your support right now is so critical.

From now until Election Day, we're going to keep getting our message out to the people of Massachusetts. And we'll keep up the fight for passing a wealth tax, holding big banks and financial institutions accountable, overturning Citizens United and enacting sweeping anti-corruption legislation, instituting Supreme Court reform, and defending our Senate majority so we can pass national abortion protections.

Our people-powered movement to stop corporate greed and level the playing field for working families is a major threat to Republicans' pro-billionaire agenda and the special interests who fund it. So we can't underestimate how much money they could pour into this race in the next couple of months.

They've got their crypto firms and billionaires — but we've got you and this grassroots movement. I like our chances, but we have to do everything we possibly can to make sure we can stay competitive — and win.

If you're able to contribute today, please pitch in a donation of $28 or any amount to help defeat the right-wing forces and corporate interests who want me — and this movement — out of the U.S. Senate.

Thanks for being a part of this,

Elizabeth