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Scoop: GOP called Howard Lutnick to reverse crypto PAC's Texas move
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Scoop: GOP called Howard Lutnick to reverse crypto PAC's Texas move

AxiosΒ·Hans Nichols,Alex IsenstadtΒ·about 1 month ago
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Photo: Alex Wong/Getty Images Senior Republican officials called Commerce Secretary Howard Lutnick on Tuesday after a new crypto super PAC seeded by his former firm, Cantor Fitzgerald, indicated in a FEC filing that it planned to spend $1.75 million backing Ken Paxton in Texas, Axios has learned. Why it matters: GOP leaders were alarmed that the new group, Fellowship PAC, was wading into a contentious primary runoff in which President Trump has famously dithered about taking a side between Paxton and Sen. John Cornyn. While Lutnick's sons now run Cantor Fitzgerald, from which Lutnick divested last year, senior Republican officials appealed to the Commerce secretary to help reverse what they viewed as a silly political blunder, according to three people familiar with the matter. It was unclear to people familiar with the matter if Lutnick followed up on those phone calls.…

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