加密货币超级政治行动委员会赢得 2024 年大选

简而言之，Decrypt 的艺术、时尚和娱乐中心。那是 2022 年 12 月，FTX 刚刚崩溃，变成了价值 320 亿美元的蒸气云

In late 2023, leaders of America's wealthiest crypto companies decided to band together and protect their young industry from extinction. Policy experts at these companies convinced their bosses that a crypto super PAC could be the path forward.

2023 年底，美国最富有的加密货币公司的领导者决定联合起来，保护他们年轻的行业免遭灭绝。这些公司的政策专家让他们的老板相信，加密货币超级政治行动委员会可能是前进的道路。

After vetting Fairshake, a newly created crypto super PAC, it was decided that the plan could work if everyone involved agreed on several fundamental questions.

在对新创建的加密货币超级 PAC Fairshake 进行审查后，我们决定，如果每个参与者都就几个基本问​​题达成一致，该计划就可以发挥作用。

If Ripple, Coinbase, and Andreessen Horowitz gifted Fairshake a massive war chest, would they all have the stomach to go after powerful incumbent lawmakers? Could they all agree on a bipartisan slate of candidates to ensure the durability of their coalition?

如果 Ripple、Coinbase 和 Andreessen Horowitz 向 Fairshake 提供巨额资金，他们是否都有勇气追随强大的现任立法者？他们能否就两党候选人名单达成一致，以确保其联盟的持久性？

Coinbase CEO Brian Armstrong donated $1 million to Fairshake in September 2023. The next month, Marc Andreessen and Ben Horowitz each gave $2.5 million. In November, Coinbase donated $5 million. By Christmas, Andreessen and Horowitz gifted another $14 million; Coinbase, another $15.5 million.

Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 于 2023 年 9 月向 Fairshake 捐赠了 100 万美元。下个月，马克·安德森 (Marc Andreessen) 和本·霍洛维茨 (Ben Horowitz) 各捐赠了 250 万美元。 11 月，Coinbase 捐赠了 500 万美元。到了圣诞节，安德森和霍洛维茨又捐赠了 1400 万美元； Coinbase，另外 1550 万美元。

Ripple matched both firms by throwing $20 million into the pot. By the start of 2024, Fairshake had amassed nearly $85 million, obliterating the previous record.

Ripple 向两家公司投入了 2000 万美元。截至 2024 年初，Fairshake 已筹集近 8500 万美元，打破了之前的记录。

By the eve of 2024’s presidential election, Fairshake and its affiliate PACs would raise nearly $300 million.

到 2024 年总统选举前夕，Fairshake 及其附属 PAC 将筹集近 3 亿美元。

Leaders of the crypto policy movement are emphatic that this sea change was primarily thanks to a grassroots campaign, instigated by Coinbase, to activate the so-called crypto voter and show lawmakers how many millions of Americans were willing to support—or oppose—candidates based on their crypto stances.

加密货币政策运动的领导人强调，这种巨大的变化主要归功于 Coinbase 发起的一场草根运动，目的是激活所谓的加密货币选民，并向立法者展示有多少数百万美国人愿意支持或反对基于加密货币的候选人。关于他们的加密货币立场。

Fairshake's spending history tells another story. In February, the super PAC deployed over $10 million in a successful bid to defeat Rep. Katie Porter (D-CA), a candidate for California's open U.S. Senate seat.

Fairshake 的消费历史讲述了另一个故事。今年 2 月，超级政治行动委员会投入了超过 1000 万美元，成功击败了加利福尼亚州美国参议院公开席位候选人、众议员凯蒂·波特 (Katie Porter)。

This initial flex of Fairshake’s financial muscle was significant for several reasons. For one, it was seismic in scale: this single spend on anti-Porter ads dwarfed the candidate’s own positive ad spend by a factor of 20:1.

Fairshake 最初的财务实力展示具有重要意义，原因有几个。其一，其规模是巨大的：这一单笔反波特广告支出使候选人自己的积极广告支出相形见绌，达 20:1。

Secondly, Porter wasn’t even particularly anti-crypto; she rarely if ever spoke on the subject. She was, however, something of a protégé of Sen. Elizabeth Warren (D-MA), a staunch crypto critic. The association with Warren, apparently, was enough to trigger the crypto industry’s nuclear spending.

其次，波特甚至不是特别反对加密货币。她很少谈论这个话题。然而，她在某种程度上是坚定的加密货币批评家参议员伊丽莎白·沃伦 (D-MA) 的得意门生。显然，与沃伦的联系足以引发加密行业的核支出。

“Porter was not exactly crusading against crypto, and yet they unloaded on her,” Rick Claypool, a research director at Public Citizen, told Decrypt. “That struck fear into the hearts of candidates.”

Public Citizen 研究总监 Rick Claypool 告诉 Decrypt：“Porter 并不是真正反对加密货币，但他们却向她发起了攻击。” “这让候选人心中感到恐惧。”

In the spring, a handful of key crypto-related votes came before Congress: a vote in the House on FIT21, a potential crypto market regulatory framework, and a vote in both chambers on the repeal of SAB 121, an SEC rule that discouraged banks from holding crypto.

今年春天，国会进行了一些与加密相关的关键投票：众议院对 FIT21（一个潜在的加密市场监管框架）进行了投票，以及参众两院对废除 SAB 121（一项令银行望而却步的 SEC 规则）进行了投票持有加密货币。

While both bills would have had a tangible impact on crypto if signed into law, their consideration in May arguably served a more important purpose: acting as a litmus test for lawmakers regarding their stances on digital assets.

虽然这两项法案如果签署成为法律，都会对加密货币产生切实的影响，但它们在 5 月份的考虑可以说有一个更重要的目的：作为立法者对数字资产立场的试金石。

Months prior, Fairshake had signaled its intention to spend heavily in the general election. Those tens of millions of dollars, crucially, had yet to be committed for or against any general election candidates when FIT21 and SAB 121 came before Congress.

几个月前，费尔沙克曾表示打算在大选中投入巨资。至关重要的是，当 FIT21 和 SAB 121 提交国会时，这些数千万美元尚未用于支持或反对任何大选候选人。

During those spring votes, Fairshake’s war chest hung in the air over Capitol Hill “like a corporate money Death Star,” Public Citizen's Claypool said.

公共公民的克莱普尔表示，在春季投票期间，费尔沙克的战争资金“就像一颗企业资金死星”悬在国会山上空。

The results were dramatic: 71 House Democrats, including Nancy Pelosi, broke with President Joe Biden to pass FIT21. Twelve Senate Democrats, including then-Senate Majority Leader Chuck Schumer, defied Biden to pass a repeal of SAB 121. (The president subsequently vetoed the resolution.)

结果是戏剧性的：包括南希·佩洛西在内的 71 名众议院民主党人与总统乔·拜登决裂，通过了 FIT21。包括当时的参议院多数党领袖查克·舒默在内的 12 名参议院民主党人不顾拜登的反对，通过了废除 SAB 121 的法案。（总统随后否决了该决议。）

Democrats facing battleground elections in 2024 demonstrated significant changes in tune. Rep. Elissa Slotkin (D-MI), for example, was running for a hotly contested U.S. Senate seat in Michigan at the time; she held an “F” rating on Coinbase’s “Stand With Crypto” watchdog site a month prior to the FIT21 and SAB 121 votes.

面临 2024 年战场选举的民主党人表现出了重大的基调变化。例如，密歇根州民主党众议员埃丽莎·斯洛特金（Elissa Slotkin）当时正在竞选密歇根州竞争激烈的美国参议院席位。在 FIT21 和 SAB 121 投票前一个月，她在 Coinbase 的“Stand With Crypto”监管网站上获得了“F”评级。

She then supported both initiatives in late May. In short order, her Stand With Crypto rating was upgraded to an “A.”

随后，她在五月下旬支持了这两项倡议。很快，她的“Stand With Crypto”评级就升级为“A”。

In September, Fairshake opted to throw millions of dollars behind Slotkin and against her opponent, a Republican who had vocally supported crypto for years. Slotkin ultimately won Michigan’s Senate race by a margin of less than 0.34%.

9 月，Fairshake 选择投入数百万美元支持 Slotkin，并对抗她的对手——多年来一直公开支持加密货币的共和党人。斯洛特金最终以不到 0.34% 的优势赢得了密歇根州参议员竞选。

Most crypto industry leaders involved in Fairshake’s operations see the conversion of politicians like Slotkin as proof of crypto’s salience among the American public.

大多数参与 Fairshake 运营的加密货币行业领导者都将斯洛特金等政客的转变视为加密货币在美国公众中的重要性的证明。

“I think once that became crystallized for Democrats, it made

“我认为一旦这对民主党来说变得具体化，它就使得