Amazing saga: “How a crypto pioneer lost $1 million to the Gavin Newsom recall”

This is a must read!

Rescue California, the recall committee helmed by Republican consultants, is facing a $1 million lawsuit filed by a deep-pocketed Bitcoin pioneer stemming from the last, failed attempt to boot Newsom from office in late 2021.

Jesse Powell, a founder and chair of Kraken, one of the world’s largest cryptocurrency exchanges, is accusing Rescue and the group’s current and former operators of deceiving him to raise eleventh-hour dollars into the committee. When Powell demanded they send it back to him, arguing the money was conditioned on his name staying out of the public eye, they refused, channeling it into advertisements that consultants collected commissions on. Rescue’s lawyers counter that Powell didn’t suffer damages.