Silicon Valley stories

Jul 21, 2026

Anthropic donates $20 million to lobbying group supporting AI regulation

Anthropic announced it will donate $20 million to a U.S. political lobbying organization that supports AI regulation, doubling its midterm election spending to $40 million total as Silicon Valley factions clash over AI policy.

Jul 21, 2026·3 sources

May 23, 2026

Fenwick & West Agrees to Pay $54 Million to Settle FTX Customer Fraud Claims

Silicon Valley law firm Fenwick & West entered into a $54 million preliminary settlement to resolve customer lawsuits related to its role advising the defunct crypto exchange FTX.

May 23, 2026·2 sources

Top claims

▪AI startup Anthropic is donating an additional $20 million to Public First Action, a political group supporting AI regulation.
▪In the second quarter of 2026, Anthropic and OpenAI collectively spent a record $3.17 million on federal lobbying, a 23% increase from the first quarter.
▪This donation brings Anthropic's total contributions to Public First Action to $40 million for the year, doubling its spending on the midterm elections.

Subtopics

US midterm elections AI policy AI governance AI Regulation FTX collapse

Crypto regulation

Crypto investor protection

Crypto enforcement actions

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Anthropic donates $20 million to lobbying group supporting AI regulation

Fenwick & West Agrees to Pay $54 Million to Settle FTX Customer Fraud Claims

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