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  • Molly Whitemolly0xfff@hachyderm.io
    Nov 4, 2026, 8:33 AM

    Crypto secures its first win in a competitive race as Nebraska Senate is called for Pete Ricketts (R) over independent Dan Osborn. Ricketts sits on the Senate Banking Committee, likely why the industry wanted him over Osborn (who has also spoken positively of crypto). $14.1M in spending.

    #USpol #USpolitics #midterms #Nebraska

    Money involved in this election Dan Osborn (I): Raised $11M, $13.4M in outside spending to support, $32.4M in outside spending to oppose ($13.5M from crypto PACs) Pete Ricketts (R): Raised $14.5M ($187k from industry donors), $2.16M in outside spending to support ($350k from crypto PACs, $263k from AI PACs), $23.8M in outside spending to oppose Cindy Burbank (D): Raised $48.6k, $422k in outside spending to support William Forbes (D): Raised $1k, $63.3k in outside spending to oppose Todd Knobel (R): Spending by crypto- and AI-focused committees Defend American Jobs crypto Total spending $13,476,276 to oppose Dan Osborn in the general election $13,476,276 Fellowship PAC crypto Total spending $350,000 to support Pete Ricketts in the primary $350,000 Defending Our Values AI Total spending $262,625 to support Pete Ricketts in the primary $262,625
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  • Molly Whitemolly0xfff@hachyderm.io
    Nov 4, 2026, 9:05 AM

    Looks like this is more or less all we’ll get for a while and it’s 4am for me, so I’m going to call it a night and check back in in the morning (and send out a quick recap of tonight’s events for my newsletter subscribers: www.citationneeded.news/signup/)

    All I can say is: what a wipeout for crypto & AI.

    #USpol #USpolitics #midterms

    Election results: 54 of 68 general elections with crypto or AI super PAC money have been called. Three bars show the super PAC money in each kind of race, drawn to scale, and split by whether it ended up on the winning side, the losing side, or is still waiting on a call. Competitive races, the longest bar by far: $92.4 million. Goal achieved in 2 races and failed in 9. $14.2 million was on the winning side, $74 million on the losing side, and $4.2 million is not yet called. Likely winners: $8.3 million. Goal achieved in 2 races and failed in none. $1.3 million was on the winning side and $6.9 million is not yet called. Backing the winners: $10.6 million. Goal achieved in 40 races and failed in none. $9.6 million was on the winning side and $976,000 is not yet called.
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