Quid Pro Quo (QPQ) Tracker
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Entity DossierOrganization

Paradigm Operations LP

CA · US

Research-driven technology investment firm, focusing on crypto and related technologies

crypto

Tracked direct giving

$3,750,000

LDA reported lobbying spend

$910,000

Connections

11

The Money Trail

How money flowed from Paradigm Operations LP

$3.8M
7 transactions across 5 counterparties
sum of 7 tracked donations shown

Paradigm Operations LP directed $2.5M to THE SENTINEL ACTION FUND across 3 contributions between June 2024 and September 2024.

Jun 2024 – Sep 2024corporate

Paradigm Operations LP directed $500K to Fairshake.

Dec 2023pac

Paradigm Operations LP directed $250K to Senate Majority PAC.

Jun 2024corporate

Paradigm Operations LP directed $250K to Congressional Leadership Fund.

Jun 2024corporate

Paradigm Operations LP directed $250K to HOUSE MAJORITY PAC.

Jun 2024corporate
$3.8M tracked across 5 counterparties (sum of 7 tracked donations shown)
PAC Chain Attribution

Where Paradigm Operations LP’s money ended up

Attributed amounts are modeled estimates of how money flowed through intermediary PACs, computed by proportional apportionment of FEC-reported transactions. They are not reported transactions themselves. How we compute this

$812K
modeled estimate
95 paths across 50 counterparties
$177Kmodeled estimateattributed to Bernie Moreno
2024 cycle1 path2 hopsMedium confidence
$177Kmodeled estimateParadigm Operations LP→Fairshake→Defend American Jobs→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $17K

$87Kmodeled estimateattributed to Katie Porter
2024 cycle1 path1 hopMedium confidence
$87Kmodeled estimateParadigm Operations LP→Fairshake→Katie PortermediumOpposeindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$31Kmodeled estimateattributed to Michelle Steel
2024 cycle2 paths1 hopMedium confidence
$23Kmodeled estimateParadigm Operations LP→Fairshake→Michelle SteelmediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$7Kmodeled estimateParadigm Operations LP→HOUSE MAJORITY PAC→Michelle SteelmediumOpposeindependent_expenditure

smallest single documented leg $14K (larger than the modeled estimate: the leg carried money from other sources too)

$25Kmodeled estimateattributed to Yadira Caraveo
2024 cycle3 paths1 hopMedium confidence
$17Kmodeled estimateParadigm Operations LP→Fairshake→Yadira CaraveomediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$7Kmodeled estimateParadigm Operations LP→Congressional Leadership Fund→Yadira CaraveomediumOpposemultiple

smallest single documented leg $27K (larger than the modeled estimate: the leg carried money from other sources too)

$350modeled estimateParadigm Operations LP→HOUSE MAJORITY PAC→Yadira CaraveomediumSupportmultiple

smallest single documented leg $75K (larger than the modeled estimate: the leg carried money from other sources too)

$22Kmodeled estimateattributed to Mary Sattler Peltola
2024 cycle2 paths1 hopMedium confidence
$16Kmodeled estimateParadigm Operations LP→Fairshake→Mary Sattler PeltolamediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

smallest single documented leg $21K (larger than the modeled estimate: the leg carried money from other sources too)

$18Kmodeled estimateattributed to Juan Ciscomani
2024 cycle3 paths1 hopMedium confidence
$13Kmodeled estimateParadigm Operations LP→Fairshake→Juan CiscomanimediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$4Kmodeled estimateParadigm Operations LP→HOUSE MAJORITY PAC→Juan CiscomanimediumOpposemultiple

smallest single documented leg $22K (larger than the modeled estimate: the leg carried money from other sources too)

$517modeled estimateParadigm Operations LP→Congressional Leadership Fund→Juan CiscomanimediumSupportmultiple

smallest single documented leg $25K (larger than the modeled estimate: the leg carried money from other sources too)

$18Kmodeled estimateattributed to Lori Chavez-DeRemer
2024 cycle3 paths1 hopMedium confidence
$13Kmodeled estimateParadigm Operations LP→Fairshake→Lori Chavez-DeRemermediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$5Kmodeled estimateParadigm Operations LP→HOUSE MAJORITY PAC→Lori Chavez-DeRemermediumOpposemultiple

smallest single documented leg $33K (larger than the modeled estimate: the leg carried money from other sources too)

$263modeled estimateParadigm Operations LP→Congressional Leadership Fund→Lori Chavez-DeRemermediumSupportmultiple

smallest single documented leg $26K (larger than the modeled estimate: the leg carried money from other sources too)

$18Kmodeled estimateattributed to Patrick Ryan
2024 cycle2 paths1 hopMedium confidence
$17Kmodeled estimateParadigm Operations LP→Fairshake→Patrick RyanmediumSupportindependent_expenditure

smallest single documented leg $500K (larger than the modeled estimate: the leg carried money from other sources too)

$1Kmodeled estimateParadigm Operations LP→Congressional Leadership Fund→Patrick RyanmediumOpposemultiple

smallest single documented leg $19K (larger than the modeled estimate: the leg carried money from other sources too)

Plus 42 additional chains totaling $416K.

$812K attributed (modeled estimate) across 95 paths·Up to 2 hops deep·Source FEC filings (Schedules A, B, E)·How we compute this

Lobbying Activity Detail

Disclosed lobbying expenditures from LDA filings where this entity is the client. Dollar amounts represent what was reported to the Senate Office of Public Records.

Top Lobbying Issues

FINFinancial Institutions/Investments
$1.6M
TAXTaxation/Internal Revenue Code
$400K
CPIComputer Industry
$120K
BANBAN
$60K

Lobbying Firms Retained

In-house lobbyists (filed as its own registrant)$1.1M
MERCURY STRATEGIES, LLC$240K
Squire Patton Boggs, LLP$220K
PHRONESISDC, LLC$60K

Bills Referenced in Lobbying Filings

S. 1582H.R. 3633H.R. 4763

Lobbying data from Senate LDA filings and the LobbyView dataset (MIT/NSF, CC-BY-4.0). Dollar figures represent disclosed expenditures only and may not capture all influence activity. Issue codes follow the LDA general issue classification.

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Donations Given and Outside Spending

Largest 50 records. Rows badged “Spent to support” or “Spent to oppose” are independent expenditures this entity paid to vendors for or against the named candidate. That money was not given to them.

RecipientAmountDateCycle
THE SENTINEL ACTION FUND$1,500,000Sep 16, 20242024
THE SENTINEL ACTION FUND$500,000Jun 26, 20242024
THE SENTINEL ACTION FUND$500,000Aug 9, 20242024
Fairshake$500,000Dec 12, 20232024
HOUSE MAJORITY PAC$250,000Jun 26, 20242024
Congressional Leadership Fund$250,000Jun 26, 20242024
Senate Majority PAC$250,000Jun 26, 20242024

Relationships

TypeConnected ToDetailsSource
Lobbied onFinancial Innovation and Technology for the 21st Century Act (FIT21, H.R.4763)LDA filing: lobbied on FIT21, period 3rd Quarter (July 1 - Sep 30), reported amount $190,000Source
RetainedPHRONESISDC, LLCHired PHRONESISDC, LLC to lobby on GENIUS ActSource
Lobbied onGENIUS Act, Guiding and Establishing National Innovation for U.S. Stablecoins (S.394)LDA filing: lobbied on GENIUS Act, period 2nd Quarter (Apr 1 - June 30), reported amount $60,000Source
Lobbied onCLARITY Act, Digital Asset Market Clarity ActLDA filing: lobbied on CLARITY Act, period 2nd Quarter (Apr 1 - June 30), reported amount $370,000Source
RetainedSQUIRE PATTON BOGGSHired SQUIRE PATTON BOGGS to lobby on Crypto / Digital AssetsSource
Commented onFinancial Crimes Enforcement NetworkPublic comment on FINCEN-2023-0016: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering ConcernSource
RetainedSquire Patton Boggs, LLPHired SQUIRE PATTON BOGGS to lobby on Crypto / Digital AssetsSource
RetainedMINDSET ADVOCACY, LLCHired MINDSET ADVOCACY, LLC to lobby on Crypto / Digital AssetsSource
Commented onOffice of the Comptroller of the CurrencyPublic comment on OCC-2019-0028: National Bank and Federal Savings Association Digital ActivitiesSource
Commented onConsumer Financial Protection BureauPublic comment on CFPB-2023-0053: Defining Larger Participants of a Market for General-Use Digital Consumer Payment ApplicationsSource
RetainedMERCURY STRATEGIES, LLCHired MERCURY STRATEGIES, LLC to lobby on FIT21Source