Quid Pro Quo (QPQ) Tracker
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Entity DossierOrganization

PAYWARD INC.

Digital Asset Exchange

crypto

Tracked direct giving

$1,260,000

LDA reported lobbying spend

$1,815,000

Connections

6

The Money Trail

How money flowed from PAYWARD INC.

$1.3M
4 transactions across 3 counterparties
sum of 4 tracked donations shown

PAYWARD INC. directed $1.0M to Fairshake across 2 contributions between January 2024 and March 2024.

Jan 2024 – Mar 2024corporate

PAYWARD INC. directed $250K to SENATE LEADERSHIP FUND.

Oct 2024corporate

PAYWARD INC. directed $10K to Congressional Leadership Fund.

Nov 2024corporate
$1.3M tracked across 3 counterparties (sum of 4 tracked donations shown)
PAC Chain Attribution

Where PAYWARD INC.’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

$1.1M
modeled estimate
52 paths across 50 counterparties
$342Kmodeled estimateattributed to Bernie Moreno
2024 cycle2 paths1–2 hopsMedium confidence
$338Kmodeled estimatePAYWARD INC.→Fairshake→Defend American Jobs→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $17K

$4Kmodeled estimatePAYWARD INC.→SENATE LEADERSHIP FUND→Bernie MorenomediumSupportindependent_expenditure

smallest single documented leg $197K (larger than the modeled estimate: the leg carried money from other sources too)

$131Kmodeled estimateattributed to Katie Porter
2024 cycle1 path1 hopMedium confidence
$131Kmodeled estimatePAYWARD INC.→Fairshake→Katie PortermediumOpposeindependent_expenditure

smallest single documented leg $750K (larger than the modeled estimate: the leg carried money from other sources too)

$47Kmodeled estimateattributed to Michelle Steel
2024 cycle1 path1 hopMedium confidence
$47Kmodeled estimatePAYWARD INC.→Fairshake→Michelle SteelmediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

$35Kmodeled estimateattributed to Yadira Caraveo
2024 cycle1 path1 hopMedium confidence
$35Kmodeled estimatePAYWARD INC.→Fairshake→Yadira CaraveomediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

$33Kmodeled estimateattributed to Patrick Ryan
2024 cycle1 path1 hopMedium confidence
$33Kmodeled estimatePAYWARD INC.→Fairshake→Patrick RyanmediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

$32Kmodeled estimateattributed to Mary Sattler Peltola
2024 cycle1 path1 hopMedium confidence
$32Kmodeled estimatePAYWARD INC.→Fairshake→Mary Sattler PeltolamediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

$31Kmodeled estimateattributed to Young Kim
2024 cycle1 path1 hopMedium confidence
$31Kmodeled estimatePAYWARD INC.→Fairshake→Young KimmediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

$30Kmodeled estimateattributed to Steven Horsford
2024 cycle1 path1 hopMedium confidence
$30Kmodeled estimatePAYWARD INC.→Fairshake→Steven HorsfordmediumSupportindependent_expenditure

smallest single documented leg $250K (larger than the modeled estimate: the leg carried money from other sources too)

Plus 42 additional chains totaling $468K.

$1.1M attributed (modeled estimate) across 52 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
$2.6M
TAXTaxation/Internal Revenue Code
$1.6M

Lobbying Firms Retained

In-house lobbyists (filed as its own registrant)$1.7M
INVARIANT LLC$950K
CAPITOL TAX PARTNERS, LLP$220K

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
Fairshake$750,000Jan 12, 20242024
SENATE LEADERSHIP FUND$250,000Oct 7, 20242024
Fairshake$250,000Mar 15, 20242024
Congressional Leadership Fund$10,000Nov 22, 20242024

Relationships

TypeConnected ToDetailsSource
BenefitedDismissal of SEC v. Payward, Inc., doing business as KrakenCivil enforcement action against Kraken dismissed with prejudiceSource
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 $296,000Source
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 $465,000Source
RetainedCAPITOL TAX PARTNERS, LLPHired CAPITOL TAX PARTNERS, LLP to lobby on Crypto / Digital AssetsSource
RetainedINVARIANT LLCHired INVARIANT LLC to lobby on CLARITY ActSource
Lobbied onCLARITY Act, Digital Asset Market Clarity ActLDA filing: lobbied on CLARITY Act, period 2nd Quarter (Apr 1 - June 30), reported amount $60,000Source