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U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally in Milwaukee, Wisconsin, U.S. August 20, 2024. 

Marco Bello | Reuters

As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results.

Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. The sum, approximately $119 million, was raised from a mix of contributors, with Coinbase and Ripple accounting for more than 80% of the donations.

Most of the money is going to super PACs that are backing pro-crypto candidates running for office this year. The industry has faced heightened scrutiny during the Biden administration, and Coinbase and Ripple are two of the biggest players that have been engaged in legal battles with the Securities and Exchange Commission.

Donald Trump, the Republican nominee, has tried to exploit the rift between the crypto industry and the Democrats by pitching himself as the pro-crypto choice and even keynoting a major bitcoin conference in Nashville, Tennessee, last month. But money is flowing into both parties, as the House, Senate and the presidency remain very much up for grabs.

Ripple's chief legal officer lays out what's next after its $125 million penalty in SEC case

No other sector is keeping up with crypto. That includes oil companies and banks, which have historically been big political contributors.

Since 2010, when the Supreme Court’s Citizens United ruling opened the door for limitless corporate money in U.S. elections, the crypto sector has accounted for 15% of all disclosed contributions. More than 90% of the corporate crypto cash that’s been raised was brought in this election cycle.

Rick Claypool, research director at Public Citizen, who authored the latest report, said the massive money poured in by crypto companies to “silence crypto’s critics and elevate its backers embodies everything that is wrong with the Supreme Court’s disastrous Citizens United decision.” 

Claypool’s research shows that crypto corporations are second only to fossil fuel conglomerates in total election-related spending since the 2010 ruling.

Fairshake is the most popular of the pro-crypto, bipartisan super PACs. It’s funded by some of the industry’s leading companies and has become one of the top-spending PACs this year.

The majority of the group’s funds can be traced to four sources. Coinbase has contributed $49 million, venture firm Andreessen Horowitz has donated $47 million, Ripple has given $47 million and Jump Crypto put in $15 million. In total, Fairshake and its two affiliated PACs have raised around $169 million, with more than 90% coming directly from corporations.

Other funds have come from a mix of donors. Coinbase CEO Brian Armstrong, for example, gave $1 million, while the Winklevoss twins put in $5 million.

A filing with the Federal Election Commission on Tuesday showed that during July, Fairshake disbursed almost $75 million. Data compiled from FEC reports by OpenSecrets indicates that Fairshake has nearly $120 million in its coffers to deploy with less than 80 days to go until the November election.

The super PAC has pledged $25 million from that pool of cash to 18 House candidates in the general election, to be split among nine Democrats and nine Republicans. It’s committed another $18 million to three Senate races.

‘Eye-popping sums’

The industry’s strategy paid off in the primaries.

Public Citizen’s report found that of the 42 primary races that attracted money from crypto-backed super PACs, the candidate picked by the crypto industry won 36. But many of them aren’t publicly promoting their stance on crypto.

“When Fairshake and its affiliates spend money to influence races, either by attacking crypto skeptics or boosting crypto supporters, the ads don’t mention crypto at all,” said Claypool.

In New York and California congressional races, the crypto-funded campaign ads attacked the targeted candidates with traditional political jabs, and no mention of crypto.

“The sole reason crypto is a hot-button topic in this election cycle is that crypto businesses are spending eye-popping sums to make themselves impossible to ignore,” Claypool said.

Democrats are trying to show they can find common ground with the industry despite the tension that’s emerged in recent years.

Senate Majority Leader Chuck Schumer, D-N.Y., kicked off a virtual town hall dubbed “Crypto4Harris” in August. He said at the event that a crypto law could pass the Senate by the end of the year.

Vice President Kamala Harris’s campaign team is actively working to craft a platform stance around the crypto industry and reset the approach taken by President Joe Biden, several key Democrats told CNBC. On Tuesday, Harris’ campaign announced plans to adopt a pro-crypto innovation stance.

Coinbase Chief Policy Officer Faryar Shirzad praised the move, writing on X that he’s been “pleased to take part in a number of discussions with the Harris team.” He described the approach as “constructive” and said “the dialogue had been an important first step.”

Read more about tech and crypto from CNBC Pro

Meanwhile, money has rolled into Trump’s campaign from digital asset executives since he leaned into being the pro-crypto candidate.

Trump has adopted increasingly bullish talking points on cryptocurrencies on the campaign trail, and he announced in late July that he had raised $25 million from crypto interests, a figure that CNBC hasn’t independently confirmed.

Crypto executives have turned up at fundraisers for Trump in San Francisco and Nashville, where the Republican nominee told an audience of conferencegoers that if he were returned to the White House, he would ensure that the federal government never sells off its bitcoin holdings.

“This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world,” Trump said. “And we’ll get it done.”

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US military is buying Tesla Cybertrucks to use as targets for missiles

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7 hours ago

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August 7, 2025

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US military is buying Tesla Cybertrucks to use as targets for missiles

Elon Musk is getting his wish; Tesla Cybertrucks are going to be used by the US military, but perhaps not in the way he intended.

The U.S. Air Force is looking to purchase two Tesla Cybertrucks and use them for what amounts to target practice.

Tesla CEO Elon Musk has touted the Cybertruck as being “bulletproof” and designed to “survive the apocalypse.” He suggested it could be used by the military and even directly pitched the electric pickup truck to the US military.

Considering that the Cybertruck has turned out to be a commercial flop and Tesla is currently experiencing issues selling it, despite reduced production, the automaker could benefit from a Cybertruck order from the US military.

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It looks like it is about to get one.

According to new documents first obtained by ‘The War Zone‘, the U.S. Air Force Test Center (AFTC) is looking to acquire 33 target vehicles—including two Tesla Cybertrucks—for delivery to the White Sands Missile Range (WSMR) in New Mexico,

The list of requested vehicles includes various sedans, pickups, SUVs, and bongo trucks, but there are no specific brand requirements for those, except for the Cybertrucks.

They plan to use these vehicles as targets for precision-guided weapons. Why would they need a specific vehicle such as the Cybertruck?

In the document, they had to explain the reason behind requesting a vehicle from a specific brand. They wrote:

[Redacted] intends to use specific Tesla manufactured vehicles for target vehicle training flight test events. In the operating theatre it is likely the type of vehicles used by the enemy may transition to Tesla Cyber trucks as they have been found not to receive the normal extent of damage expected upon major impact. Testing needs to mirror real world situations. The intent of the training is to prep the units for operations by simulating scenarios as closely as possible to the real world situations.

It sounds like the justification is that the US military believes that its enemies might start using the Tesla Cybertruck, and it wants to make sure its weapons work on it.

Here’s the document in question:

Electrek’s Take

That’s pretty funny. The US military is buying Tesla Cybertrucks to use as targets to shoot missiles at because they think enemies might start using them.

The jokes write themselves. You read that headline, and you would think that it’s Trump trying to get back to Musk by literally blowing up his dumpster of a truck.

However, the most astonishing aspect is that the US military is not wrong here.

As we previously reported, Chechen leader and self-proclaimed “Putin’s foot soldier” Ramzan Kadyrov managed to obtain a couple of Cybertrucks, which he outfitted with guns. Then he claimed that they went to war in Ukraine.

Now, less than a year later, the US military wants to ensure it is equipped to take down Cybertrucks.

Anyway, good for Tesla. It needs all the Cybertruck sales it can get, considering it is currently selling them at a rate of 20,000 per year when Musk aimed for 500,000 a year.

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Genesis quietly dropped this EV from its US lineup

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11 hours ago

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August 6, 2025

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Genesis quietly dropped this EV from its US lineup

Genesis-EV-US

The Genesis Electrified G80 will no longer be sold in the US. Genesis has already pulled the luxury EV sedan from its website.

Genesis pulls the Electrified G80 EV from its US lineup

The Electrified G80 went on sale in the US in the first half of 2023, but has struggled to gain any momentum. Last year, Genesis introduced an updated model with longer range, more interior space, and added luxury, claiming it’s now at the flagship level.

Those in the US may never get to see it. Genesis has already removed the Electrified G80 from its website, with only the GV60 and Electrified GV70 now listed.

The luxury car maker confirmed to Car and Driver on Wednesday that the electric G80 sedan is no longer being offered in North America.

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Genesis explained that “the customer is at the core of every decision we make, and we remain flexible as we adapt to ever-changing consumer needs and market conditions.”

Genesis-G80-EV-US
Genesis Electrified G80 updated model (Source: Hyundai)

The 2024 Electrified G80 was the final model year, and the 2025 version was never sold in the US. Powered by an 87 kWh battery, the Electrified G80 was rated with an EPA-estimated range of 282 miles. Although the updated model boasted a larger battery (94.5 kWh) with increased range (up to 295 miles) in Korea, it still falls short of rivals like the Lucid Air or Tesla Model S.

Genesis sold just 397 models in 2024 and another 77 in the first half of 2025. In comparison, Lucid sold over 5,000 Air sedans in H1, while Tesla has sold 2,715 Model S sedans in the US.

Genesis-Electrified-G80-interior
The interior of the new Genesis Electrified G80 update (Source: Hyundai)

Although Korean automakers, including Hyundai, Kia, and Genesis, dodged the maximum 25% tariff, they will still face a 15% duty on imported vehicles. As its slowest-selling EV, it’s no surprise to see Genesis dropping it from its lineup.

With the $7,500 federal tax credit expiring at the end of September, Genesis is pushing big discounts on its remaining EV models.

Genesis is offering an $18,000 EV Lease Bonus on the 2025 Electrified GV70 and $13,750 bonus for the 2025 GV60. Leases currently start as low as $389 per month.

Looking to test one out for yourself? You can use our links below to view 2025 Genesis GV60 and Electrified GV70 models in your area.

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Bluetti’s new Elite 30 V2 288Wh station gets first savings starting from $199, Segway F3 smart eKickScooter $750, NIU e-scooter sale, more

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August 6, 2025

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Bluetti's new Elite 30 V2 288Wh station gets first savings starting from 9, Segway F3 smart eKickScooter 0, NIU e-scooter sale, more

Headlining today’s Green Deals is the first discount hitting Bluetti’s new Elite 30 V2 Portable Power Station, which also has an additional solar bundle offer starting from $199. We also spotted the first post-tariff discount from Segway on its new Ninebot F3 Electric KickScooter to $750, as well as NIU’s Fan-tastic Day Sale that is taking up to 42% off its KQi lineup of scooters, including the KQi 300X All-Terrain Suspension Electric Scooter that is back at the best price of 2025 for $750, among others. We also have a new low price on Greenworks’ 82V Commercial 20-inch Cordless Chainsaw kit and a one-day-only discount on Worx’s 12A 7.5-inch Edger/Trencher, and more waiting for you below. Plus, all the hangover savings are at the bottom of the page, like yesterday’s Anker SOLIX Summer Power Sale offers, Ride1Up’s increased e-bike savings, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Get up to $200 in first savings on Bluetti’s new Elite 30 V2 portable 288Wh LiFePO4 power station starting from $199

Back on Friday, Bluetti launched its new Apex 300 Versatile Power Station with up to $3,150 in exclusive savings that has had fans of the brand buzzing, while also eclipsing another new and more compact release. Now, with its latest Solar Generator Sale, Bluetti is cutting the cost on its Elite 30 V2 Portable Power Station to $199 shipped, with that price matching at Amazon for Prime members, bringing it down from the $299 price tag. It just hit the market at the top of the month, but as I said, its release was overshadowed by the larger and more expansive Apex 300 unit and its bundles. You can score a $100 markdown now, though, which sets the bar for future discounts, with a solar bundle option for this model that tacks on a 100W panel for $398 shipped, down from $598.

While larger solar generator setups can help through many situations, more and more people are finding convenience in owning smaller backup power solutions, especially here in NYC, with many folks having limited space to keep them. That’s where units like Bluetti’s Elite 30 V2 Portable Power Station come in, which offers a 288Wh LiFePO4 capacity to cover personal device charging with 600W of steady output that can ramp as high as 1,500W.

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Bluetti’s Elite 30 V2 power station has nine different port options to cover all the bases: two AC outlets, two USB-C ports, two USB-A ports, two DC ports, and a car port. It even beats out many counterparts/competitors of the same size range with five ways to recharge its battery: via a standard outlet, utilizing up to a max 200W solar input, using both an outlet and solar panels together, connecting a generator, or using your car’s auxiliary port.

You can get the full rundown on Bluetti’s other new and more expansive release, the Apex 300 Versatile Power Station with up to $3,150 in exclusive savings across several bundle options – all starting from $1,439.

man riding down street on Segway Ninebot F3 Electric KickScooter

Segway’s Ninebot F3 smart eKickScooter with Apple Find My + proximity locking gets first post-tariff cut to $750

Segway is offering a special promotional discount through August 17 on its new Ninebot F3 Electric KickScooter at $749.99 shipped, after using the code F3AUG100OFF at checkout, which beats out Amazon’s pricing by $50.This model launched back in April carrying a $850 original price tag (which Amazon still keeps it listed for) and has since hiked up to a $1,000 MSRP direct from the brand after May’s tariff hikes. The two pre-tariff discounts we saw took the costs down to $700 and $600 back in April, and while it may not be falling that low any anytime soon again, you’re still looking at a solid $100 savings from its starting rate for the third-lowest price we have tracked.

If you want to learn more about this model, be sure to check out our original coverage of this ongoing deal here.

man standing on NIU KQi 300X all-terrain suspension electric scooter

NIU drops the KQi 300X all-terrain e-scooter with a 37-mile range and regen brakes to $750 in latest sale

NIU has launched its Fan-tastic Day Sale through August 17 that is taking up to 42% off its KQi e-scooter lineup. Some of the brand’s models are still out of stock from last month, but among those still available, we spotted the KQi 300X All-Terrain Suspension Electric Scooter at $749.99 shipped, while also matching in price at Amazon. While it carries a $1,299 MSRP normally, at Amazon we’ve been seeing it mostly staying between $1,049 and $1,198, with discounts having been slowly ramping up over the course of the year. You’re looking at the best price of 2025, which saves you $549 off the MSRP and has only been beaten out by the $731 low we last saw pop up in October 2024.

If you want to learn more about this model or the other e-scooter deals, be sure to check out our original coverage of this sale here.

man uses Greenworks 82V 20-inch cordless chainsaw to fell tree

Add commercial-grade power to your arsenal with Greenworks’ 82V 20-inch cordless chainsaw at a new $430 low

Amazon is now offering the Greenworks Commercial 82V 20-inch Cordless Chainsaw for $429.99 shipped. While it carries a $600 MSRP tag directly from the brand, where it’s currently priced at, we’ve seen it keep lower to $500 at Amazon. It’s been on the market for six months now, with the discounts we’ve spotted only taken the costs down to $450 until today. Now, with the 20% markdown here, you’ll save $70 while equipping your arsenal with commercial-grade power.

If you want to learn more about this commercial-grade chainsaw, be sure to check out our original coverage of this deal here.

Worx's 12A 7.5-inch Lawn Edger/Trencher creating perfect line into lawn

Keep uniform lines around yard and gardens with Worx’s 12A 7.5-inch edger/trencher at $90 (Today only)

As part of its Deals of the Day, Best Buy is offering the Worx 12A 7.5-inch Edger/Trencher for $89.99 shipped, with this model being out of stock on Amazon and sitting at a higher $140 MSRP directly from Worx’s website. It normally fetches $130 at full price here, with discounts mostly keeping the costs between $110 and $100 during 2025, though we have seen it go as low as $75 during Prime Day. You’re looking at the fourth-lowest overall price that we have tracked and the third-lowest of the year, with the deal today saving you $40 off the going rate for the rest of the day only.

If you want to learn more about this edger/trencher, be sure to check out our original coverage of this one-day-only deal here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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