Breaking Points with Krystal and Saagar 4/21/22: Crypto Billionaires, JD Vance, Media vs Jon Stewart, DC Corruption, Sen. Feinstein's Decline, & Chomsky Smears!
Apr 21, 2022
Ryan Grimm, D.C. Bureau Chief for The Intercept, dives into the rising political influence of crypto billionaires and how their financial backing reshapes electoral dynamics. They discuss Trump's endorsement of JD Vance in the Ohio primary and its broader implications. The conversation critiques media challenges, particularly faced by Jon Stewart, while addressing the disturbing decline of Sen. Dianne Feinstein. Finally, they explore the intricate web of political corruption and the complexities of finding peace in the Ukraine conflict, navigating the political landscape with sharp insights.
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Crypto PAC Spending
- Protect Our Future, a crypto PAC, spent $6 million supporting Carrick Flynn in an Oregon Democratic primary.
- Flynn had ties to Sam Bankman-Fried, a crypto billionaire, raising questions about the motives behind the spending.
Crypto in Politics
- Crypto PACs are using substantial funds to influence elections, as seen in the Chantel Brown vs. Nina Turner race.
- This raises concerns about the outsized influence of wealthy crypto players in politics.
Effective Altruism and Politics
- Sam Bankman-Fried, a crypto billionaire, is an "effective altruist" who aims to maximize good with his wealth.
- His political spending raises questions about how such actions align with effective altruism principles.