"Last Feb, weeks before CA Senate primary, Katie Porter learned that a cryptocurrency group named Fairshake was about to spend $10M on ads designed to derail her campaign. Ads called her a “liar” & falsely implied that she’d accepted money from drug & oil companies www.newyorker.com/magazine/202...

Silicon Valley, the New Lobbying Monster

From crypto to A.I., the tech sector is pouring millions into super PACS that intimidate politicians into supporting its agenda.

"Porter, who had initially polled well, lost decisively. The message was simple, a person familiar with Fairshake said: “If you are pro-crypto, we will help you, and if you are anti we will tear you apart.” Charles Duhigg reported on the "new lobbying monster" that is Silicon Valley.