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Tech Won't Save Us

Crypto Is Spending Millions to Sway the US Election w/ Molly White

Tech Won't Save Us

Paris Marx

Silicon Valley, Books, Technology, Arts, Future, Tech Criticism, Socialism, Paris Marx, News, Criticism, Tech News, Politics

4.8626 Ratings

🗓️ 22 August 2024

⏱️ 58 minutes

🧾️ Download transcript

Summary

Paris Marx is joined by Molly White to discuss why the crypto industry is spending millions on this election cycle and Coinbase’s potential breach of election finance law. Molly White writes the Citation Needed newsletter. She is the creator of Web3 Is Going Just Great and Follow the Crypto. Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Support the show on Patreon. The ...

Transcript

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0:00.0

people got really burned by the last boom and bust. I think people have short memories,

0:06.1

but not that short. And I think a lot of people remember FTX. They remember Paris Hilton

0:12.8

trying to shill a board ape on Jimmy Fallon and how cringe that was. They remember all these

0:18.0

companies saying, oh, we're going to put our project on the blockchain

0:21.3

and then sort of quietly discontinuing those efforts.

0:24.9

And so things are a little stagnant right now in the crypto world.

0:28.7

Yeah. Hello and welcome to Tech Won't Save Us, made in partnership with The Nation magazine. I'm your host, Paris Marks, and this week my guest is Molly White.

0:51.9

Molly writes the citation-needed newsletter and is the creator of Web3 is going just great and follow the crypto.

0:57.8

Now you might be saying, what?

0:59.3

Another crypto episode?

1:00.5

Didn't that die a few years ago?

1:02.5

Well, you know, I was thinking something similar.

1:05.3

But then I was shocked to see that Molly Launch followed the crypto, which looks into campaign finance and how the crypto industry

1:12.4

is putting a ton of money into this U.S. election in order to try to get people who will pass

1:18.5

favorable legislation to allow them to do what they want, I guess. But given that the crypto

1:24.7

bubble crashed a couple of years back, I was really surprised to hear that, you know, millions and millions of dollars were flooding into this race from the crypto industry to make it one of the biggest contributors this cycle.

1:38.0

And so I wanted to know why that was, what was happening, and what the relationship between the crypto industry and,

1:45.0

you know, the Republicans and the Democrats, but specifically Donald Trump and Kamala Harris

1:49.7

is, right? And what we might expect from these candidates if they do come to office once again

1:54.8

and what they might even be proposing about the crypto industry. Luckily, we're not hearing

2:00.2

too much from the Democrats that

2:02.0

is particularly positive on crypto. Obviously, there are some people in there who are much more

...

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