JUST IN: Michelle Bond, the CEO of DC-based crypto advocacy group ADAM, has lost her bid for a seat in the U.S. Congress, according to AP. jesseahamilton reports on michellebondny1's campaign
Michelle Bond – one of the most prominent cryptocurrency advocates in this year’s U.S. congressional races – lost her bid to be the Republican candidate for her New York district.in the Tuesday election, runs the Association for Digital Asset Markets, one of the groups pushing a crypto-friendly agenda in Washington.
Though it’s her day job, crypto was never an outward focus of her campaign. Instead, Bond embraced the politics of former President Donald Trump, courting support from his son, Donald Trump Jr., as she touted the mainstays of the “Make America Great Again” movement. Her anti-abortion, tough-on-immigration, pro-police stance didn’t tend to highlight her views on the future of finance.
By early this month, Bond recorded a significant $1.1 million in campaign contributions. Though about $800,000 of that came from her own pocket, according to federal campaign filings, more than $300,000 was donated by other individuals, including a list of prominent crypto and finance names – among them, several executives from FTX and related Alameda Research.
Other Bond supporters – largely from outside her district – included Daniel Gallagher, a former commissioner at the Securities and Exchange Commission who is chief legal officer at Robinhood, several executives from Multicoin Capital, and a number of lobbyists and lawyers.
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