How Crypto Billionaires Are Trying to Buy a Senate Seat in Alabama (opens in new tab)

From a billionaire’s perspective, a US Senate seat can be tantalizingly cheap. In 2022, Peter Thiel bought one for his former employee JD Vance with $15 million in independent campaign expenditures—a pittance for an oligarch whose net worth has increased by about $12 million per day since then. This year, a handful of cryptocurrency billionaires […]